my first post here, new on trading view but not new in trading and investing. To understand whats really happening we need to look from far away and ignore the short term noise. Just a simple monthly logarithmic chart (hope you can see it as my first post ever in here). Are we in bear market? Bull market? Chart is saying it all :)
This is just a market correction if you look at it from far away, i do think we still in the middle of correction or bear market (call it as you wish i dont care) we can possibly go to 4.5 - 5, who knows numbers are just guesses. But overall you can see the trend. By the way fiat have tendency to lose value over long term (it must otherwise economies would collapse if deflation exist) so there is no questioning where btc is going, only question is if governments would try to destroy it when it threatens the status quo.
This is just a market correction if you look at it from far away, i do think we still in the middle of correction or bear market (call it as you wish i dont care) we can possibly go to 4.5 - 5, who knows numbers are just guesses. But overall you can see the trend. By the way fiat have tendency to lose value over long term (it must otherwise economies would collapse if deflation exist) so there is no questioning where btc is going, only question is if governments would try to destroy it when it threatens the status quo.