~snip~
I noticed that the market seems to be maturing as we go a long. I mean if there is one negative news today, it won't simply affect the market in a drastic way not like before. And usually if this downtrend happens, bitcoin already proves its resiliency isn't it? -30% and then followed by a massive spike to negate those downtrends. We are going to enter in the last quarter of this year, and there is a huge chance that we can end up in a more positive outcome, maybe 14$k-15$k range.
In these last quarter of this year, we see the price can stay strong than before, and that can make bitcoin stable to increase more. And yes, the market will not drop if there is one negative news today, but sometimes, that happens, and that makes people panic in a moment. We will see the price will go up to $15k, and I am sure that sooner or later, the bitcoin price will be back to $20k, and at that time, bitcoin price will have more chance to touch the new ATH.
~snip~
Why would the price not crash again ? What is fundamentally different than in december 2017 when we saw a huge pump (and than dump) ? It took a long time before BTC price was able to break again the 10 000$ mark.
Maybe that the price can continue to rise, but at a certain moment, we will see another crash (at least that is what I expect).
The price will always down and up, and we know that happens many times. I don't know what the real reason for what happens in December 2017 because I never overthink about that is. I only want to enjoy the price at the highest price that I ever saw. I only say to myself, when the price can break $10k, then there will be more opportunities for bitcoin to break another highest price, although I don't know when it will happen. We need to be ready for the next crash because we don't know how much the price will go down, so having another plan will be needed.
~snip~
The pandemic is the one bad news that almost crash the market to it's lowest level but eventually recover because of the community supports from big players and I can't think of any bad news that can bring the price of Bitcoin to it's lowest, we are hoping that even in our condition we can still reach another all time high and eventually move to a long bull run, that we are all dreaming to happen.
We will see that will happen because the market is already recovering, and it will fully recover when the bull run comes. We can hope that the bull run will come not too long than today, so we can back to make a big profit again.