The bulls are back in town... well, kinda. We've seen a nice and sustained rally in BTC all the way from $16k to $23k. This move has been some much needed relief that I think all of us crypto investors have been longing to feel.
The real question is:
Are the bulls back in control or is this only a temporary relief rally?
We're still on the verge of total global economic recession (arguably, this has already began but is far from over), the FED is unpredictably doing their thing and engagement around crypto has not been fairing well as normies bought the top and sold the bottom.
We give our opinions on the markets and where we think things are headed long-term in this clip!
- Are bulls back or just a rally?
- Stable BTC range since last week's rally
- wen price up, DCAers feel a little bummed
- BTC up means more engagement and people feel more positive
- Cat bought atom to his matic and rune portfolio - good move
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TBH, nobody knows what will happen next. The educated guess would be to say it will go sideways because of the macro economic and political reasons you mentioned above. I am buying BTC twice a month when my paycheque comes no matter if it is going up or down from here. I need 1 BTC.
I also need 1 btc everyone needs at least one btc 😜
ha ha Yes we all need 1 BTC
Right now we are in a center of bear and bull market 50/50 chance for both
It seems the market is kind off controlled or something? Bitcoin suddenly took investors by surprise from 16k last year, what a massive pump but ain't sure it may reach it's 72k previous price.
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!1UP Personally I believe that eventually we will have another big dip that will finish clearing the market and restart the bull market after a long time of lateralization. There is even a very interesting image on this subject:
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