Bitcoin's price is zooming. Does that mean it's a bull market? Or the last gasp of a bear market? Who cares. It doesn't matter anyway!
With bitcoin’s price breaking above $30,000, the cryptosphere seems locked in a “bull or bear market” conflict. Bitcoin’s price keeps going up but it feels like a bear market. Leading indicators and social media tell you the world's about to fall off a cliff but your friends think everything's OK. Bearish analysts turned into bulls but nothing substantively has changed except the price.
At the beginning of 2022, they said a recession would come in the second half of that year. When that didn’t happen, they moved it to the first half of this year. Now, they’re targeting the first half of next year. Maybe they’ll push it to 2025.
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