Bitcoin At $20k: Bull Run Or Bull Trap
Bitcoin hasn’t been on this price since FTX collapsed, which is good because the whole crypto market looks so green and healthy, that’s the power of money or rather liquidity flowing into the crypto space, it makes everything look beautiful. I am just excited to see all price pump because for a while, I didn’t how long we were going to keep riding the downtrend. $20k just seemed like a hopeful price as a lot of people have been waiting for the price. Could it be because, it’s the price above the previous all time high. The 2017 bitcoin all time high was at $19k so anytime we get to this price and above, the market always seemed hopeful.
At least we are finally seeing almost $1 Trillion market cap, been a while we saw that, though I still miss our $3 Trillion market cap, but one step at a time. Bitcoin has done some nice increase, remember it was just at $17k some few days ago, before this week, remember when some people were calling bitcoin at $10k, now it’s at $20k far a way from $10k right now. How long will it last, will it keep going up, will it range at this price or will it dip? I guess we won’t know till we see it.
After the $20k price “not so milestone”, I guess we will be aiming for $40k next, I think the last time we saw bitcoin at that price was before the Luna crash, which was another event that unfortunately brought the bitcoin price crashing. But lately we haven’t had any FUD news, and I hope we don’t get one, because I love the greens.
Are we going to be seeing the bull market anytime soon? Well, no one knows but I hope we do see it, been a long time since we saw coins do 2X, I miss that feeling. At least Solana has done 2X since December after we last saw it $8, now it’s trading above $20. Good things come to those who wait, I guess, only if you are waiting on the right coin, but if you are waiting on some shitcoin, then I guess that quote isn’t valid at this point. Congratulations to those who have been holding their crypto bags pretty tight, I am proud of us, we deserve all the greens coming our way.
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I still feel like it's a bull trap right now. I think 22K back to 15K range there is too much uncertainty around regulation. Just like stock not much has changed so this pump feels like a liquidity injection to me.
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well, you might be right, humans are emotionally weak when it comes to money. a little green and we get so excited forgetting months of reds
Things are definitely looking well right now and I must say congratulations to those that bought the dip too, but let just hope that the bull market is finally here
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i hope so too. fingers crossed