It is possibly happening right now actually. I mean,,, every time I see Bitcoin hit support and go back up, I feel like it is another moment that the bulls could decide, okay this is it, we are ready to buy more. And then when one or two or three big buys trigger, it leads everyone else waiting to also lock in their buys. Plus,,, this is second half of 2021 now so a lot of companies will already be executing new budgets:)
But after the moment that the bulls come is not still increase instead go down again and that happens many times. I mean about the market will rebound up and down, but this hour, I see the change for bitcoin price to break $35k as the price now increases to $34,9xx. Hopefully, this week will be a good week for bitcoin to break the high price.
the "rebound" is going to be IT though. when the price starts rising you will quickly realize that we are in a massive momentum that nothing can stop and price will suddenly be so much higher than this. we have seen this many times too. if you zoom out and look at any flat line on the bitcoin charts you will ALWAYS see them followed immediately by a huge jump up specially if they lasted a very long time like this one.
Unfortunately, that will be a bit late for us to follow the price because we will not realize the price can do that. Sometimes, I feel that we have been tricky by the price because we just wait and analyze but we are not sure if the price can go somewhere, but after the price moves, we realize that we miss something. But that is what happens and having an experience for this will solve our problem.
A rebound is guaranteed to happen because isn't that what bitcoin does best? It had the 2018 crash as an example so I don't really understand why some people think that bitcoin won't rebound this time even though the prices are in a much better position than the past market price positions.
We see the rebound is coming now as the price starts to increase. But there is no sign for us to see bitcoin can break $35k. But if the price really breaks $35k, then maybe the price can increase more than before and we can hope that the price can have a pump to the next high price.