Is Bitcoin bull run forever this time around?

cryptopie (81)in #life • last month

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This is a very different bull market where every factors are positively affecting it particularly about the ETF's power to drive its value in an ever faster motion without ever stopping.

The bull run of Bitcoin is now giving me mixed feelings because of the factors surrounding its rise in value in a faster pace. The fast "leg-up" which destroys resistance prices are due to the ETF buying spree and of course it is more than an awesome experience because it gives us a smile on our faces particularly those that own cryptocurrencies in general. It is now a time that makes feel genius again if not more valued by the ones that know that we own BTC or alts for that matter because we resisted to sell the last time and now it is seemingly "the" time to sell, make profit, and enjoy profits while )I hope) setting some cryptos if it hits our dream or target prices or simply reinvest some of it again when the prices will go back to lower or "mean" prices.

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It doesn't take so much in-depth analysis about where Bitcoin's price will go but the extension of its move is something to think about because of the demand for it is now unceasing.

But will BTC ever make a "Cup" pattern again or bearish years? Those times after a few months of reaching its supposed new all-time high price and three or more years of bear markets before it climbs-up back again? It is a question which had crossed my thoughts because of the effect of ETF alone to the demand in Bitcoin and we are seeing its action already, very strong move to the upside and price resistances are conquered just like BTC had climbed a small hill at its barrier and then continuing along with its path to another ATH. The inflation is also contributing with its value because as the dollar value decreases, the BTC value in terms of the amount of dollars to buy it also increases and that is another factor that would make BTC's value not to get stagnant nor go down lie what I believed before as we call the bear markets.

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The bear's power to bring down the price of Bitcoin we call as major "Pullback(s)" is weaker now which translates to more velocity in reaching higher values and power of the Bulls to destroy the resistances and is leading me to personally believe that we surely not seen "so much" yet and what kind of history Bitcoin is getting on for years to come.

There is also this factor that almost everyone is trying to buy Bitcoin because "It is pumping" and everyone wants to get a piece of the action. The "pump-action" is a very strong force which makes many people to take some interest in buying cryptocurrencies like what happened to DOGEcoin a few years ago where the retail investors had FOMOed in because it is both cheap and because it is pumping so hard during those times. But now that BTC is experiencing a relatively "forever pump" in my opinion, it will attract more retail investors particularly if it gets double in price with its current price of more than 56K at the time of this writing in February 27th, 2024. I also pointing out the future events which would positively affect BTC like the FED rate hikes, the US presidential election but what we must realize is that the demand for BTC had risen so much that again, I am contemplating, will there ever be a bear market again? It is important for me for the reason that bear markets are not to be feared but welcomed with a big hug and some kisses as it would allow you to make your cryptocurrency baggage bigger particularly those that can give you a passive income or whatever you can use it for by just HODLING them, but for now it will again remain to be seen.