You are viewing a single comment's thread from:
RE: BTC - How close to a bottom are we?
Good article @jrcornel! I do believe that we're finally getting towards the end of this bear cycle. If this means that we're going to drop further or just stay in this area, I don't know. But one thing is certain: we, the early adopters, have a wonderful opportunity to change our lives. We just need to play it right.
Cheers! ✌
This cycle is often compared to the bear cycle that lasted through 2014 and into 2015. That one took about a year and a half to play out. The hope is that this one doesn't take nearly that long.
I don't believe that it will take that long; simply the ETF approval will change everything.
You are correct, but when do you think we should expect that?
The ETF decision has been delayed until the end of September and I don't believe that until then major moves will happen; perhaps bouncing between 5.5k and 7.5k levels.
It can be pushed back at least one more time from there as well. I think the absolute latest it could be pushed back is something around March-May of 2019.
Indeed, but this pushing is becoming annoying . (at least for me)