Bitcoin has been center-stage for quite some time now and has gained enough impetus over the past months. The reason is simple that it was in the first half of the ongoing year when the 3rd halving took investor’s majority of the stake and interest. After gaining complete attention from stock investors, Bitcoin is not doing great on the price front whatsoever.
BTC, at the time of penning down, was trading around $10.3k with a bearish intraday. But there has been no instance when Bitcoin is considered any less than the safe-haven, Gold, stock indexes that are only plummeting recently, or any other investment that may gain a superficial return.
— Michael Saylor (@michael_saylor) September 23, 2020
The current price may be a complete disgrace, but the coin’s YTD movement has been overwhelming for the investors. However, Bitcoin has been currently surrounded by mixed sentiments in the market where a part of the investor group believes that Bitcoin will take no time to get to $0 and the rest believe that we are not away from the day when BTC will be drawing a fresh All-Time High above $20k.
Volatility has been the prime concern of the crypto market, and not to forget that this volatile outbreak can be bullish too; however, the current momentum is only a negative bias. Since predictions about the price may go haywire, investing and HODLing until the next price rally can be the only smart move.
Last free twitter #bitcoin update for a while.
You really only need to see this once.. Set up your portfolio and leave it in there for the bull market.
Right now I am dedicating a majority of my time to VIP members due to an expansion in my companies & projects. pic.twitter.com/A1JLcfLh1R
— Highaltitudeinv (@HighAltitudeInv) September 23, 2020
Although, the fear sentiment prevails due to the negative bias and downside price correction in the market. Nonetheless, the altcoins are shedding their gains equally, which otherwise were seen gaining so far.
— Lark Davis (@TheCryptoLark) September 23, 2020
The only positive thought one can have to buy right now and preserve before it takes off to another highest YTD price area in the next massive Bull market is possible to happen soon. The current momentum is nothing but a dupe of the 11-week price consolidation that happened before the Bitcoin price took off above $10k, followed by $11k.
When we will see the next possible Bitcoin Bull Run?
The major question that lies is when we will see the next possible Bull Run? But not to forget that good thing takes time, and believers and Bitcoin loyalists are taking the utmost advantage of this price dip to HODL as much as possible, leaving no room for doubts.
The next #bitcoin market top will easily surpass ~40x from this point.
bitcoin's current market cap is ~$200B
40x would put bitcoin's market cap at ~$8T
Gold's current market cap is ~$9T
bitcoin is, at a bare minimum, 1000x better than gold as money.
— Dr. Bitcoin, M.D. (@DrBitcoinMD) September 24, 2020