$BTC isn’t going anywhere, i mean, not to the downside.
Even after the massive ~25% move we saw in August, the bear market hadn’t fully reversed yet. There were still doubts about whether the bull run had actually resumed.
What I was waiting for as confirmation was precisely Bitcoin’s reaction after that spectacular August move.
I expected another accelerated sell-off, like we saw during the previous two consolidation periods, potentially taking the price to a new low.
If Bitcoin fails to do that, then for me, the bull run is already here.
And now, even with a major geopolitical event like what just happened between the US and Iran, Bitcoin didn’t really crash. We’re talking about a move of maybe 2–5%, which is tiny compared with the ~25% move we had last month.
So for me, this event barely had any meaningful impact on Bitcoin’s price.
I think the bull run has already started.
Of course, that’s just my personal view. 👀
#BTC Price Analysis# #Macro Insights#
Even after the massive ~25% move we saw in August, the bear market hadn’t fully reversed yet. There were still doubts about whether the bull run had actually resumed.
What I was waiting for as confirmation was precisely Bitcoin’s reaction after that spectacular August move.
I expected another accelerated sell-off, like we saw during the previous two consolidation periods, potentially taking the price to a new low.
If Bitcoin fails to do that, then for me, the bull run is already here.
And now, even with a major geopolitical event like what just happened between the US and Iran, Bitcoin didn’t really crash. We’re talking about a move of maybe 2–5%, which is tiny compared with the ~25% move we had last month.
So for me, this event barely had any meaningful impact on Bitcoin’s price.
I think the bull run has already started.
Of course, that’s just my personal view. 👀
#BTC Price Analysis# #Macro Insights#
