A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?
Just like what this Thread tackles
https://bitcointalksearch.org/topic/--5283809Bitcoin and Ethereum is making their way Up so we can assume that Bull is coming,and also it seems that History is repeating itself as we are in this
same movement in the year of 2017.
with all this positive that is going on in market,I believe that we must be obedient now because changes may happen from time to time as the
Correction will surely comes before the final Hit of bull comes.
As we feel it though. But I don't want to think for the 2017 event to happen this time, a very slim chance. I even thinking about $15k is hard to reach how much more for $20k? Yes, I was bullish then and still positive towards the market but I don't want to push myself believing in a thing that seems to hopeless during this pandemic. We probably know the situation we have, many establishments are still keeping a distance on Bitcoin which is one reason why we got this low market recovery.
I mean of course $15k and $20k will happen, those are very low numbers. They were high for the last market cycle, they will just be part of the buildup phase this market cycle, before the main bull run even starts.
I wouldn't expect $20k this Fall, but next year seems almost assured even if all of next year is still just the buildup phase before a parabolic run in 2022. $15k ain't even far away at this point. It's like one good week away. I expect in about a half year $15k will just seem like a "normal" price for Bitcoin the way $8k-$10k has seemed normal this entire year.
Yes we are in a long term bull market, we've been in a bull market for a year and a half now. Just don't expect things to go crazy just yet, still got plenty of time for the market to continue to build before we see the next 2011/2013/2017 type parabolic run, but you shouldn't have any doubt it is coming and I would expect it in 2022, maybe even starting in 2021, as the parabolic runs take longer to play out as the market gets bigger and moves slower - in 2013 there were two and they each lasted like a month or two, 2017 the whole thing lasted about 7.5 months, this time around when BTC blasts away from the $20k region it could take a year before it tops out again.