In fact, Bitcoin has been in uncharted territory since December 17, when it reached a new all-time high above $23k. It is now in pure price discovery mode. Many enthusiasts claim that this time the rally varies from 2017's craze and may signify a prolonged and a sustained rise for bitcoin.
This January seems different from every other one in the bitcoin history let's hope the rally continues. I sure of one thing the institutional investors in bitcoin with change the Game, it wouldn't be business as usual for everyone. Take profit at intervals.
It obviously cannot be a forever bullish market, especially since Bitcoin's bull runs are quite extreme. We're used to those "bubbles", but I always consider them as being a second chance to enter the market at a lower price.
As you said, I've also always known first months of years to be quite crappy for BTC. I expect a little short term consolidation soon, but overall.. I think the bull run has only just begun.
You spoke my mind , that the little profits now wait for the drop in price and buy the deep . Which one can do in phases or little chunks
If we are in a bubble then it is just the start, we haven't reach the top yet. Of course every bubble is going to be burst, but then again, we are now in the levels that we haven't seen before obviously so we really don't know how far will this massive run will go, it could be a 6 year bubble or 3 year bubble so it's hard to predict now as we are just starting and it could end at $100k or even more.
I know I am very new on this platform but I strongly believe that it is the time for any one that invested below $20k to skim off there profits When the money bags start dumping the market will reset.
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Topic OP
Are we in another Bubble? when will it Bus
by
Wale1234
on 03/01/2021, 08:31:13 UTC
Technical analysis is 99% hinged on the fact that history will repeat itself...
History has never favored Bitcoin in January 👌 Will this January be an exception 🤩🥳
