We had almost 2 months of accumulation plus another 3 months until we got a new all-time high, after the previous crash in April. This made a total of 5 months.
The length of the bull run was expected for many to last until Feb-March 2022, but we can see now that It did not.
News like Evergrande (bankruptcy), new covid variants, and restrictions are accelerating the process for the bull run to come to an end.
Does this mean is risky to invest now? No! since we will see higher highs in lower time frames, but this does not mean this is the best time to invest. We will eventually see the 20k again in the coming years.
We must recover fast to see a new ath., but we can see that it will most likely not happen. Especially, if the price goes below 39k, then the recovery would take those approx 5 months it took last time.
If you are holding alt coins, it is always safe to swap them to BTC as this will slow down the crash since alt coins are more volatile than BTC.
Appreciate the hard work and press like.
Play safe & Happy trading!
Raf
The length of the bull run was expected for many to last until Feb-March 2022, but we can see now that It did not.
News like Evergrande (bankruptcy), new covid variants, and restrictions are accelerating the process for the bull run to come to an end.
Does this mean is risky to invest now? No! since we will see higher highs in lower time frames, but this does not mean this is the best time to invest. We will eventually see the 20k again in the coming years.
We must recover fast to see a new ath., but we can see that it will most likely not happen. Especially, if the price goes below 39k, then the recovery would take those approx 5 months it took last time.
If you are holding alt coins, it is always safe to swap them to BTC as this will slow down the crash since alt coins are more volatile than BTC.
Appreciate the hard work and press like.
Play safe & Happy trading!
Raf