With the recent FOMO in this sub and people already calling for $100k Bitcoin again I want to point out that this is not the time to be greedy. We are still in a bear market, the economy is not doing too well and the SEC is still on their crusade against Bitcoin.
I am by no means a bear and I am sure we will see the magic $100k Bitcoin next bullrun but right now is a time where you will most likely get rekt. The pre halving years tend to wreck the bulls and the bears by moving mostly sideways and so far this year has been no different. I know Bitcoin is up 45% YTD but I do think this is just because liquidity from the altcoins is flowing into Bitcoin until there is no liquidity left and Bitcoin also goes down.
The more I read posts being super bullish in the short term the more I think we are near a local top and will trend lower before we finally get out of the bear market.
What do you think about this current point in time and what is your outlook for the next 6-12 months?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments