The end of the bull market and the start of a strong bearish cycle is now confirmed? That's the question that I received from one of my new followers based on much news all across the Cryptocurrency market.
How far down is Bitcoin going in this long-term, very strong, hard and surely-highly confirmed marketwide ultra-bearish correction? None.
I have news good for you, there is no correction, Bitcoin closed one day red. Yesterday's candle produced a 4.4% drop right after Bitcoin hit $112,000, a new All-Time High.
The truth is that Bitcoin just hit a new All-Time High and this reinforces the bullish bias for this Cryptocurrency market, it bolster the Altcoins market; Everything is set to continue growing.
What does $500,000,000 in liquidations, a new ATH and a 4% drop have in common?
Over-leveraged traders.
These are the only losers right now. In order to be liquidated after such a very small move it means that you were trading with more than 15X. That's it. The rest of the market is solid, everything else is strong and there is no need to fear; remember, retraces and corrections and an opportunity to buy-in, rebuy and reload.
Just wanted to tell you that all is well, the rise is not over, this is just a minor pause. Look back to late April, early May, mid-May and so on, the market can and does produces red days, it never moves straight down but neither straight up.
A new bear market now? FALSE.
Bitcoin will continue growing long-term. The Altcoins are on the same train.
A retrace can last a few days just as it can last a few weeks.
A correction can last a few weeks just as it can last a few months.
A bull market can go on for years, and we are in bull market territory now, so be ready and prepared for additional growth. Bitcoin is going up!
Rest easy and hold strong.
Continue to buy and accumulate the Altcoins.
This is not the end, it is only the start.
Namaste.
#TrumpTariffs #MarketPullback #ETHMarketWatch #BTCBreaksATH110K #DinnerWithTrump