Path 1 or 2? Bull run is already started!
In total, for this bullish rally, we have two routes ahead, which are drawn in the figure above:
1. The green path that represents a hyperbolic rally and can explode the bitcoin price like last year.
2- Purple route, which is not more suitable for holders and in this way, most future traders in that route will be liquidated.
Given the policies of the United States and China and the willingness of more companies and government agencies to buy bitcoins and invest, route number 1 does not seem to be happening. Because everyone is waiting for the sudden rise in the price of bitcoin, and this rarely happens in the ruthless crypto market. It also seems that most altcoins are in a six-month downtrend, which is catastrophic.
So we probably won't see a sudden price increase, and this stems from the fact that exchanges want to bore old investors and annoy new investors.
However, fundamental factors must also be considered.
Good luck.
1. The green path that represents a hyperbolic rally and can explode the bitcoin price like last year.
2- Purple route, which is not more suitable for holders and in this way, most future traders in that route will be liquidated.
Given the policies of the United States and China and the willingness of more companies and government agencies to buy bitcoins and invest, route number 1 does not seem to be happening. Because everyone is waiting for the sudden rise in the price of bitcoin, and this rarely happens in the ruthless crypto market. It also seems that most altcoins are in a six-month downtrend, which is catastrophic.
So we probably won't see a sudden price increase, and this stems from the fact that exchanges want to bore old investors and annoy new investors.
However, fundamental factors must also be considered.
Good luck.