𝐂𝐫𝐲𝐩𝐭𝐨 π–πžπšπ­π‘πžπ« π…π¨π«πžπœπšπ¬π­ #17 - Does 220 days bear means the end of the Bear Market?

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(Edited)

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Good Morning!
Thank G it's Friday and the markets seem up up up.

Now I am looking into the why but I am still searching for a good reason. Although itΒ΄s what I have been saying, we should see another up before the merge. Only I did not expect that up to be led by BTC, which is what happened this morning.

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For sure a hell of a lot of shorts got squeezed and maybe squeezed so hard they caused this pump. So maybe thatΒ΄s the answer right there, but usually, something triggers that squeeze and well I am a curious baby.

This still doesnΒ΄t mean that the bear market is over, but at least I can sell the dip I bought with profit. Profit I can use to buy the after-merge dip.

More Good News
But there is more good news big boys like the CEO of crypto asset fund Pantera Capital, Dan Morehead, is expressing bullish sentiment on Bitcoin.

"𝒀𝒐𝒖 π’Œπ’π’π’˜ π’˜π’†β€™π’—π’† 𝒃𝒆𝒆𝒏 π’…π’π’Šπ’π’ˆ π’•π’‰π’Šπ’” 𝒇𝒐𝒓 10 π’šπ’†π’‚π’“π’” 𝒂𝒏𝒅 π’˜π’†β€™π’—π’† 𝒃𝒆𝒆𝒏 π’•π’‰π’“π’π’–π’ˆπ’‰ 𝒕𝒉𝒓𝒆𝒆 π’ƒπ’Šπ’ˆ 𝒃𝒆𝒂𝒓 π’Žπ’‚π’“π’Œπ’†π’• π’„π’šπ’„π’π’†π’”. 𝑨𝒏𝒅, 𝒐𝒏 π’‚π’—π’†π’“π’‚π’ˆπ’†, π’•π’‰π’†π’š 𝒍𝒂𝒔𝒕𝒆𝒅 220 π’…π’‚π’šπ’”. 𝑻𝒉𝒂𝒕’𝒔 π’ƒπ’‚π’”π’Šπ’„π’‚π’π’π’š π’˜π’‰π’‚π’• π’˜π’†β€™π’—π’† 𝒋𝒖𝒔𝒕 𝒉𝒂𝒅."

"𝑰 π’•π’‰π’Šπ’π’Œ π’˜π’† π’‰π’Šπ’• 𝒕𝒉𝒆 π’π’π’˜π’” π’Šπ’ 𝑱𝒖𝒏𝒆. 𝑾𝒆’𝒍𝒍 𝒔𝒆𝒆. 𝑨𝒏𝒅 𝒕𝒉𝒆𝒏 π’˜π’†β€™π’“π’† 𝒐𝒏 𝒕𝒐 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 𝒃𝒖𝒍𝒍 π’Žπ’‚π’“π’Œπ’†π’•. 𝑨𝒏𝒅 π’Šπ’• π’Žπ’Šπ’ˆπ’‰π’• 𝒃𝒆 π’“π’π’„π’Œπ’š 𝒂𝒏𝒅 π’Žπ’Šπ’ˆπ’‰π’• π’•π’‚π’Œπ’† 𝒂 π’˜π’‰π’Šπ’π’† 𝒕𝒐 π’ˆπ’†π’• π’ˆπ’π’Šπ’π’ˆ. 𝑩𝒖𝒕 𝑰 π’•π’‰π’Šπ’π’Œ 𝒕𝒉𝒂𝒕 π’˜π’†β€™π’“π’† 𝒐𝒏 𝒕𝒐 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 π’π’†π’ˆ 𝒐𝒇 𝒂 π’“π’‚π’π’π’š.”

But if you ask this little boy, he still foresees the bottom of the bear market somewhere at the end of Q4.

Those 220 days are an average and there is a long cold winter ahead of us. That winter holds lots of uncertainty in all markets. Rising inflation, upcoming recession, and the ETH merge will be history. So I keep holding some funds and try to increase my profits to buy this final Bear Bottom.

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I expect that Bottom not to be as dramatic as 10K BTC. What I do expect is to come close to the 80% drop we have seen in previous bear market bottoms. Hence a 12-15K BTC would be feasible.
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The Crypto Weather Forecast is my take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.

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Posted Using LeoFinance Beta

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Do you see BTC or ETH as more dominant after the merge?

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Personally, I think the merge will be a mess at first, causing issues and confusion. So BTC should become more dominant but with the crypto space maturing, I see BTC dominance dwindle over time, just not because of the merge. !CTP

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Stocks are up. That is my guess. They are so closely tied together now... Who knows. I just keep waiting for the bottom.

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