I've been bearish on bitcoin since the price fluctuations around 10k price region without shorting.
One of my biggest reason why I'm bearish on BTC is because I believe it's price growth is a huge bubble. I believe that most speculations revolve around owning a so-called "anti-bank" asset and dreams of rich. The ideology and hype behind Bitcoin is strong but I do not believe its hype can be sustained at a very high level of prices enough for further speculations. Although I'm not able to generate precise price levels, having seen btc going above 10k I've decided that Its the time to leave the scene now. On top of that I believe the general crypto space is also "negative" with questionable alts and poor regulations I could imagine the different disasters that could spark off and cause fear.
Although the price movements have not been what I'm really imagining for the down moves. I would buy if it returns to the super long-term trend line.
One of my biggest reason why I'm bearish on BTC is because I believe it's price growth is a huge bubble. I believe that most speculations revolve around owning a so-called "anti-bank" asset and dreams of rich. The ideology and hype behind Bitcoin is strong but I do not believe its hype can be sustained at a very high level of prices enough for further speculations. Although I'm not able to generate precise price levels, having seen btc going above 10k I've decided that Its the time to leave the scene now. On top of that I believe the general crypto space is also "negative" with questionable alts and poor regulations I could imagine the different disasters that could spark off and cause fear.
Although the price movements have not been what I'm really imagining for the down moves. I would buy if it returns to the super long-term trend line.
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Because of what I believe in general. I'm tending towards the bearish side for bitcoin and the general crypto space. I would prefer to take / look out for short opportunities. s3.amazonaws.com/tra...shots/x/XftBKFpJ.png