Listening to So Many People Talk About a Bear Market With Bitcoin at $40K Makes Me Bullish.
Focus on the real signal that is the Bitcoin revolution.
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After an excellent second half of March 2022 for the price of Bitcoin, many people were already imagining the price of Bitcoin heading straight for $50K, then $60K, in a big bullish wave like the ones we experienced in 2021.
All these people had already forgotten that these waves were interspersed with big corrections like only a free market like Bitcoin can give us. Nothing alarming, just the way the price of an asset like Bitcoin is going.
Never forget that Bitcoin's price volatility is a feature, not a bug.
In the last few hours, we have seen the price of Bitcoin fall below $40K. A low of $38.5K was quickly hit, confirming the extreme sense of fear that has dominated the market since the beginning of April 2022:
Some were promised that April would be renamed Upril, but in the end, we have something quite different.
However, I told you the other day that we would probably have more Higher Lows in the uptrend of the Bitcoin price since the bottom hit in January 2022:
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