many of us are really thinking that we are officially entering the bullrun season. Well for my part i think it is a good news but some of the experts are indicating that we have to toarget a below 1k bottom first before the positioning of another bull market. Which is i think a very dangerous thing to happen because it may lead for a entire collapse of the crypto market. But on the other hand we have to think positive and look for a bright future.
If you calculate the number of people that have locked funds that are nor accessible and can never be accessible again as a result of either death or lost wallet key, it is more than enough to keep the market above $1200, then let us add those who have invested for a very long term and would not touch their investment, especially that of BTC until 10 or 20 years’ time, they tag is as part of their retirement investment.
It is enough to get it locked at $800, making it permanently locked above $2000, so it will be impossible to see the price drop to that, it is unrealistic and can never happen, provided we have people that will always buy at every drop in price to lift it further.