Maybe we just have a short bearish time, the market correction has been just a while that makes seeing now that Bitcoin is moving back high again. We're now at $41k plus, I really don't know what really happens and the cause of this pump but it was a huge rally that happens in the crypto.
And we are wrong, definitely wrong thinking that we gonna reach back to where it started. Many were waiting for the dip but somehow, it looks we are missing it as the market recovers faster than the decline. The road to $50k? well, it may be...
The cause of the pump is simple; it was too low and people wanted to buy more and that's it. The cause of the dump however was a bit more unknown because people sold for absolutely no good reason at all. The first drop was basically just because people wanted to get out and that's it but then it is unknown what people wanted to do afterwards, like yeah you should but then what? That is why the dump didn't made sense a bit more than the pump. We are higher now obviously all thanks to people who still had fiat and saw that the price went down and decided to go in, that is a good thing that happened for all of us.
I am hoping that the same will happen a few more times because 50k+ is definitely within reach and there is no major wall between us and there which means if we could have a bit more purchasing of bitcoin the price will definitely break over 50k with ease.
