🅱️ No New Lows | Calling All Bitcoin Bears

24 Nis 2023

The latest, major deadly CPI Bitcoin correction has been going for exactly 10 days and a maximum drop of 12%, with Bitcoin hitting no new lows and 11K nowhere to be found...

This type of price action is producing a massive wave of bears depression; by bears I am referring to a set of people that are trying to save face by praying to all the mystical Gods of ancient times to please, bring Bitcoin down to new lows since nothing bearish is really happening.

As Bitcoin continues ultra-strong, extremely bullish and simply consolidating before moving higher, an entire section of the market is looking for new explanations as to why the current recovery rally is "fake" and the "action looks strange" phenomenon.

Bitcoin bears will be vindicated once Bitcoin enters a true correction phase after 6 months of continued growth and reaching a price target of more than 40K.

At this point, the people that have been calling for Bitcoin to drop at 15,500, 16,500, 18,000, 20,000, 25,000 etc., will be happy and fast to tell you "Aha! See! I told you so, it is dropping!"

Let it drop but Bitcoin has been going up... Since November 2022 that is!
All the bears have been proven wrong.

Accept it and let's adapt to the fact that the bear market is over and we should be looking at the bright future that Cryptocurrency has in store.

The worst is already over, Q4/Q3 2023 will be just a classic long-term correction + accumulation phase before a full-blown bull-market takes place.

Not everybody is able to call a bottom... But every market analyst should be able to adapt and change.

Read the chart... What does it say?

Namaste.