Bitcoin has been in a downtrend a long time, last bear market i was here, i called the bottom, i longed 3,700 i will do the same this time too, bullish divergence on bitcoin 1 hour does not look great for bears.
Currently bitcoin is stuck in a liquidity lock but over the new years period this liquidity will decline and the liquidity lock will become reduced. From a fundamental perspective many are expecting global markets to worsen, i think these people are negative parrots that refuse to understand the technology and the adoption of that tech. I am a Bitcoin bull right now, below $20,000 bitcoin is a bargain, people would have done anything to buy here just a few months back, bitcoin needs to fill the liquidity gaps around 25-30k so this would be my target for early next year heading into tax season as weird as that sounds.
If you want to know more about my thoughts, follow me on YT.
Currently bitcoin is stuck in a liquidity lock but over the new years period this liquidity will decline and the liquidity lock will become reduced. From a fundamental perspective many are expecting global markets to worsen, i think these people are negative parrots that refuse to understand the technology and the adoption of that tech. I am a Bitcoin bull right now, below $20,000 bitcoin is a bargain, people would have done anything to buy here just a few months back, bitcoin needs to fill the liquidity gaps around 25-30k so this would be my target for early next year heading into tax season as weird as that sounds.
If you want to know more about my thoughts, follow me on YT.