It's Always The Same!
When Bitcoin recently surpassed $74K, many voices within the space predicted further upside, even surpassing the $80K level. However, I have been expecting lower prices. What we are seeing play out is nothing new. Bitcoin follows a similar pattern in each and every bear market, and this time around is no exception.
Bitcoin has since dumped as low as $65K and is in a very fragile position. Bull traps are common occurrences in a bear market, and one shouldn't be fooled by short-term bullish momentum, even if it lasts for months. Bear markets have to run their course just like any other cyclical pattern.
In my latest article, I address bear markets, what to expect, and where I see Bitcoin going next. To find out more, please enter the free version of Sapphire Crypto. See you inside!
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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in my receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
