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RE: Investor confidence and bullish signals in Bitcoin price action
Not sure how to feel about the BTC sentiment on this post. How do you feel about BTC? Most of the time the emotional side beats the logical thinking and makes us buy or sell. I think that reaching 23K level means that there is going to be some accumulation period and know that may bough it higher levels chances that BTC will move up are very likely. On the other hand the recession sentiment and the bad news could attract new investors and users to bitcoin which possibly will make its price move up ins the short term allowing space for a rally to the previous high of 60k ish, anyways that's what I feel could happen.
Hi @raserrano
We may have an appreciable correction in the next few days, more however, I believe that then the price action will bounce back to the 20K area and at the end of it all the situation will be favorable for the health of the cryptocurrency market.
Best regards, be well.