🚨‼️Bitcoin: in a bull run, corrections never last long, so seize the opportunity!‼️
⚠️In a bull run, corrections do not last very long⚠️
Cryptocurrency traders and investors sometimes behave surprisingly. Faced with bullish phases of cryptos that are most often vertical, they ask themselves every day if it is still time to buy, if the bullish potential still exists, if the entry price is still interesting, if the rise will be done in a straight line or not, etc.
On the other hand, at each period of short-term correction in the price of Bitcoin and altcoins, stress invades them and they no longer wish to buy for fear that the decline will be large and very long.
However, they get what they wanted, a lower and therefore more attractive entry price.
In short, it seemed important to me to remember that even in a bull run cycle (this upward movement which begins after the break of the old historical record and which will last on average 300 days) there are periods of short-term correction.
🕐 Is it too late to invest in Bitcoin?🔥🔥
These correction periods should be viewed as blessings for those who wish to strengthen their exposure in the direction of the underlying upward trend or even who are considering exposure to bitcoin for the first time.
When we study past bitcoin cycles (the 2012, 2016 and 2020 cycles) and put aside the bear market phases (12 months on average), the duration of short-term corrections extends from just a few days to 40/50 days maximum.
I estimate that the short-term correction which started below $100,000 will not extend beyond a few days and that the threshold of $100,000 will be crossed no later than December 15.
