That could happen, but it would take a lot to happen IMO. I have been tracking traditional markets too and they don’t look good either. Bitcoin is not immune to their whims. Actually very much at the mercy of the institutions.
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are you then bearish for bitcoin this year?
I take the data as it comes. I long in uptrends and short in downtrends. Fortune telling is not my strong suite. But the data I am presenting shows that we could be in for some more bearish movements if it turns and doesn’t bounce on 20K. Bitcoin is not immune to global issues. It’s honestly failed at being a hedge or a peer to peer currency. Didn’t even work as a store of value IMO. I think it’s going to take more than a little pump to get us out of this bear market.
To be fair though, I am bearish on humanity overall right now, so there is that, lol
I am so pumped and bullish on crypto! I am in HODL mode!!
Right on. It’s cool to be bullish, but I am also going by what the facts are telling me. The markets don't care about feelings and emotions. It causes feelings and emotions, lol. I lost the perma-bull mentality a while ago.
Now that being said, I am also working on my bullish case post... so stay tuned, lol.