Its 3 years ago BTC and the total crypto market cap bottomed out in dec 2018. Fast forward to december 2021 and we've rallied up almost 3000% during a massive bull run. For anyone out there looking for a blow off top or a full market reversal, I say be careful what you wish for and be thankful for what you have got.
Could we see new ATH's in 2022? Possibly although in my opinion a relief rally is would already be a gift to the bulls. The market is still pegged to Bitcoin and the market leader is looking far from healthy with bearish divergences all over the shop. Sure, we have a green day right now but haven't we seen them before in the last weeks and what happened just after we regained optimism? There's a new halving for BTC in 2024, just two years away from now and we have yet to see a significant correction as 2021 was mostly a sideways distribution for Bitcoin. With the stock market struggling for confidence and low liquidity during the holidays and a huge options expiration on dec 31st just around the corner, its is - in my opinion - time to be cautious. Thus, be careful what you wish for.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Could we see new ATH's in 2022? Possibly although in my opinion a relief rally is would already be a gift to the bulls. The market is still pegged to Bitcoin and the market leader is looking far from healthy with bearish divergences all over the shop. Sure, we have a green day right now but haven't we seen them before in the last weeks and what happened just after we regained optimism? There's a new halving for BTC in 2024, just two years away from now and we have yet to see a significant correction as 2021 was mostly a sideways distribution for Bitcoin. With the stock market struggling for confidence and low liquidity during the holidays and a huge options expiration on dec 31st just around the corner, its is - in my opinion - time to be cautious. Thus, be careful what you wish for.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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