Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?
It's hard to say but if I must be sincere with myself, I did say what I truly believe, and what I truly believe at the moment is that, bitcoin is looking more bearish than bullish, though I understand that many will see the current downtrend as a correction from the highs we seen in the past weeks, which I will also assume is correct, but all the same, the current condition of the market isn't a bad thing, intact, for me, I see it as an opportunity to not only accumulate more bitcoin at cheap rates, but also, it's a good opportunity for me to buy more of the altcoins I've always thought I don't have enough of, so that when the bull run finally arrives, I have nothing to regret at all.
This is a very good opportunity for us all reposition well for the coming bull run, I expect bitcoin to still go down a bit, maybe reach around $50k, before it shorts up again and takes its jornuey to above $100k.
Cross your fingers and watch this happen in the coming weeks.