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Buying The Dip - Price History

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InsignificantOne
@ocupation
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#btc is down 20% from ATH and some analysts argue this could mark the beginning of the bear market.

I'm not one of them though. There's a massive untapped territory for #btc to occupy and disrupt, and guess what, there's no one to put an end to it. This dip is just another bump on the road. We've seen worse.

Black Friday usually means discount, right?

Here's the 2020 chart that proves I'm right, in case you doubt it.

Misgivings over $53,000 floor After an overnight sell-off sparked by a declining United States dollar and macro markets rattled by a new coronavirus variant, BTC/USD is trading near $54,000.

I need to be honest though, I was a bit surprised as well, especially because a day before the market seemed bullish. For instance #bnb was traded around $575 and got near the ATH just to fell down to the prior levels.

The only thing I'm worried about is the fact that most of the market participants are expecting the same result, that is, to see #btc above $90K. Here are a few scenarios I find possible to happen.

  • #btc actually delivers what most expect (unlikely)

  • #btc enters the super cycle, pushing the market participants to either sell too early or make generational wealth.

  • #btc prolongs/slowdown the bull run, basically getting rid of the impatient holders (weak hands)

  • #btc enters the bear market which won't be long and painful as the one we experienced 2018.

If I had to guess I'd go for the third prrdiction.

How about you?

Am I missing something?

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