It has been two months since I wrote "Start of the bull market or a bear market rally?" In this piece, I talked about the echo bubble - a smaller bubble that occurs after the bursting of a larger bubble - predicted by GCR. Regardless of whether we are in an echo bubble or a new, larger bull market, the Bitcoin chart looks extremely bullish. Last week, the price corrected from $25k to the important support level around $19.5k. The subsequent bounce was so strong that it seems like a rise to $32k and possibly much higher is on the table.
Banks failing and Bitcoin mooning
Banks failing and Bitcoin mooning
Banks failing and Bitcoin mooning
It has been two months since I wrote "Start of the bull market or a bear market rally?" In this piece, I talked about the echo bubble - a smaller bubble that occurs after the bursting of a larger bubble - predicted by GCR. Regardless of whether we are in an echo bubble or a new, larger bull market, the Bitcoin chart looks extremely bullish. Last week, the price corrected from $25k to the important support level around $19.5k. The subsequent bounce was so strong that it seems like a rise to $32k and possibly much higher is on the table.