This is a great view from the outside perspective, as it gives an insight into the uninformed mind. The uninformed mind is a valuable indicator, as usually the market reacts the opposite. At the top of the bull market, the uninformed mind buys. At the bottom of the market, the uninformed mind sells. At the beginning of a bull market, the uninformed mind disbelieves. The cycle continues until they become informed.
Sebas.tian, the pace of which Bitcoin is rising in the interim has no relevance as to how it performs in the future. There are three things that you should know:
- Bitcoin was artificially increased during the 2020-21 bull market and artificially decreased during 2022, due to FTX and LUNA.
- The Bitcoin halving has been proven to have a positive impact on Bitcoin price in a year range (before and after) it happens. This will occur during 2024 and will most likely have a positive impact on its price.
- The western and European banking sector and monetary systems are showing extremely concerning signs that will cause the devaluation of their money for as long as weakness continues (very likely), which means Bitcoin will become more valuable due to growing weakness.