Post
Topic
Board Bitcoin Discussion
Re: What does the current downtrend mean for Crypto?
by
sunsilk
on 03/02/2025, 10:20:39 UTC
I'm sure that by now everyone must have seen the state of the market, and how a lot of projects are in the red, BTC included. Question now is if this is just a pull back in attempt to go on another upward trend or if we are just about to enter a bearish trend.
It's too early to say that this is going to be entering the bearish trend. But we don't know if we've reached the peak already or not yet. But with what I speculate at this time, this is a pretty normal thing that happens every bull run.

This scenario is not different from the past that we've got before Bitcoin broke $69k ATH of 2021. It did broke last year and then it made more heights afterward.

Like what you've said, this is just a pull back and we have to wait for another uptrend because the market has been resilient as always!