The prediction of Bitcoin diverging into a bear market, has made enough rounds in the market to cause one worry. The last few weeks have been quite rough, with bitcoin being on 13-day downward price action. But there’s always an end to the tunnel, and here’s why you should not worry about the current price action.
This is an early stage of the bull market, and these prices will help shape the narrative further. Especially with underlying circumstances being changed as to who is hodling or buying now, this price action will enable an extended bull run, rather than 1-year good run followed by 3 crappy years.
https://coinpedia.org/bitcoin/bitcoin-price-action-is-not-as-daunting-as-it-seems/The guy is a bull, never heard of this news outlet before, let alone never heard of the author too. This is more or less the way I see it too, with a top answer by Bloomberg analyst Mike Maglone, who said that bitcoin is
”Well on its way to becoming a global digital reserve asset a maturation leap in 2021 maybe be transitioning bitcoin to a risk of an asset in our view”.
all good.
