EVERY BULLISH MARKET NEEDS BEARS AND UNCERTAINTY...
i've always been worried about that if everyone is sure about bullish trend and the accurate target so who wants to sell here and who wants to buy there? if no buyers at the top how do you want to take profit? market needs sellers and buyers in the same time so it can work. a bit uncertainty here and rumors about correction to 60,50 and even 40 make retailers who are in 100-200% profit close their positions and new buyers come in which feules the market. if price went through 70k so easily and quickly i would be very worry because in that case after that we would have a little buyers and lots of guys with packs of 300-400% profit who could destroy the market when they would want to take profit in a bit higher prices than 80k. so as we have buyers and sellers both in power and even a bit uncertainty we will have a more continuous and long lasting bullish market. no one should know where and how far the market can go this is the only way the market works.
have a good day
have a good day
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.