Bitcoin’s Bull Market: A Long Road Ahead

[KevinRosa]

I think this is a normal phenomenon. The bull market is generally divided into three stages.

• The first stage is to eliminate panic, and good news is flying all over the sky, steadily rising, which may last for several months.
• In the second stage, there is panic and a sharp drop, which may be due to the overbought phenomenon in the first stage. At this stage, various technical indicators have failed and changed at will. You will find that there is no rule, and then the market will fluctuate. , No breakthrough.
• The mad cow is here. There is no reason to say that it has gone up wildly and ushered in a large amount of incremental funds. Bitcoin has entered the stage of dreams and emotions.

THANK YOU!!
Persistence is victory. The world of Bitcoin requires recharge of faith and patience.

[deisik]

We are still in a long-term bull market. Yes, the price went down 50%. Actually, even more than that if we consider the recent lows. However, it was mostly leverage that got washed out (read, shorts margin called and then liquidated). FFS, we are still x3 above the baseline of 2020 at 10k

The bottom line, don't margin trade more than you can safely handle

[ALTUS.FINANCE]

Mid-cycle correction folks, mid-cycle correction...

[Iceblast]

One of the fundamental factors in the price of Bitcoin that we know so far is that there are 21 million Bitcoins which were originally set to be mined in 2140. According to economic law, the depleted supply will certainly make the price increase gradually. However, the price of Bitcoin is of course also determined by the dynamics of the technological and economic ecosystem in the future. Currently, rather than guessing the Bitcoin price in the future, investors are starting to focus on guessing what scenarios are the bearish and bullish sentiments for Bitcoin prices.

for bitcoin in addition to the limited supply, it seems that the public response to bitcoin has been one of the supporters so far.
we can continue to see if the public response enthusiasm is very high the price will be high. it's a natural law that has happened in this crypto market pasar

[7788bitcoin]

We are still in a long-term bull market. Yes, the price went down 50%. Actually, even more than that if we consider the recent lows. However, it was mostly leverage that got washed out (read, shorts margin called and then liquidated). FFS, we are still x3 above the baseline of 2020 at 10k

The bottom line, don't margin trade more than you can safely handle

The market bounced to around $10k in the past two days and if you were shorting you would have burned a hole in your balance as the market recovered considerably and it is a high risk market to take risk like that. I am not confident enough to do margin nor future trades in a highly volatile market like Bitcoin.

The next thing i am waiting is whether the market will break the resistance we have around $42k.

[deisik]

We are still in a long-term bull market. Yes, the price went down 50%. Actually, even more than that if we consider the recent lows. However, it was mostly leverage that got washed out (read, shorts margin called and then liquidated). FFS, we are still x3 above the baseline of 2020 at 10k

The bottom line, don't margin trade more than you can safely handle

The market bounced to around $10k in the past two days and if you were shorting you would have burned a hole in your balance as the market recovered considerably and it is a high risk market to take risk like that. I am not confident enough to do margin nor future trades in a highly volatile market like Bitcoin

You can both sell and buy on margin