I think Bitcoin is still in the bear market. It feels very illiquid. It wasn't able to break the triangle resistance at 10k and I would be surprised that it can do it in the nearest future.
By the nature Bitcoin is very speculative asset, and speculative assets create bubbles. I think creating another bubble from 5K level is highly unlikely. It's just to prices for hedge funds and other money makers to buy it for long term.
How do you think will we reach 1.3K per Bitcoin or 4K was the absolute bottom?
By the nature Bitcoin is very speculative asset, and speculative assets create bubbles. I think creating another bubble from 5K level is highly unlikely. It's just to prices for hedge funds and other money makers to buy it for long term.
How do you think will we reach 1.3K per Bitcoin or 4K was the absolute bottom?
Comment:
just to pricey*