I think the bull run isn't over, however there is a small probability that the
65K was the top and we are all on the denial phase now.
Remember market act as its own and in most cases acts the opposite of the herd,
- Most is expecting the bull market not to be over
- Most was expecting a blow off top
If
65K was not the top here is my outlook for bitcoin moving forward.
This bull run is fueled buy Institution and we know they move slower then retail investor so that's one reason why the top will take longer then the previous cycles maybe in 2023.
Remember market act as its own and in most cases acts the opposite of the herd,
- Most is expecting the bull market not to be over
- Most was expecting a blow off top
If
This bull run is fueled buy Institution and we know they move slower then retail investor so that's one reason why the top will take longer then the previous cycles maybe in 2023.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.