It is not enough that we are above 10k with a healthy movement allowed, we need to be so much higher than 10k that it should look like its impossible to go below anymore to make sure we are at a good place right now, for example if the price stays here it is always possible that we can hit back under 10 thousand dollars.
However, if it goes to 15+ then we can say its still possible but it becomes more improbable, it has dropped from 20 thousand to 3 thousand before so nothing is impossible but at the very least we can say day to day trades won't drop it under 10, when we went from 20 to 3 it wasn't in a day hence we need to make a room for not a day level, which is around 15, even over 13 would be fine as long as we break the high parts of it. That would make us all more comfortable.
I wont be surprised if we do stay up with these levels which is playing between sub (>< 10k price).Entire market had recovered from 3k to 10k does take years.
So I don't expect too much for us to move so quickly on breaking out those resistances just to hurry up to break its previous ATH and also there no need to hurry to see
sharp spike yet I do prefer on seeing gradual increase but it would gonna be a bumpy road.
Here is the problem in a free market like cryptocurrency, the movement is so wild ..
you never know it could plung to the lowest like -300% or having the bull run unstoppable due the decentralized nature. But people only expect for the bull run and forget that there might a correction causing the price a bit down , or how people could lost interest at crypto anytime at some point which could make things didn't went well as most people expected. You guys need to anticipate something like this more often rather than daydreaming to have another ATH over and over again , it would make the market looks more healthy for you.
The number of bitcoin is limited, the number of people that exist in this world is very large and the number of people who do not have and do not know about bitcoin is very large. So it is enough that have too much demand for the price to increase significantly, it is not an illusion to dream of price higher than the old ATH.
We are so surprised that experiencing the next bear market of the BItcoin and all altcoins. Today, BTC faces around -7.13% and drops to $10,114.40 only. And moreover, the ETH, it will decrease likely some months ago, under $200 again.
Does it mean that crypto hype is over? Crypto world is really decreasing and then the price of all coins will be decreasing again and again to the bottom?
Crypto hype is only starting , crypto will be our future. Decrease in price is a common thing but once the hype continues it will break barriers, btc might start another bull run.
The altcoins are dying (see this:
Bitcoin Dominance is Actually Above 90%, New Research Suggests), they are not having much use in the real world and as bitcoin has a lot of good news for the next few months, people are selling their altcoins to buy bitcoin. But I believe that after bitcoin halving, all altcoins will recover in price.
Personally i think even if we don't make it to the $20K break up, we are still going to hover around the tens of thousands. Bitcoin has been evolving with prices and now I believe we're staying in the tens of thousands for good.
I agree
