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Former Bear; I think the bottom is in

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A while back I posted how I thought we had more to drop. Looking at the price action bitcoin absolutely refuses to break below 60k for a lengthy period of time. I don’t think it’s going to go any lower then it has, or if it does it will only be very slightly. All the bears like myself who were expecting it to plummet were wrong. Trump will continue to TACO out of anything that negatively affects stocks/crypto. I do not think a bear market is legitimately possible at this point while he is president. It’s clear the market is terrified of dipping. Every dip is bought up instantly. I can say I was wrong previously.

People will say the four year cycle etc; and it was true and false. It did dip lower this year, especially all the bulls who were calling for 200k and 300k last year look ridiculous. But it clearly is not going to go below 50k. At the worst we might see a small wick to 55-56k marking the bottom before the bull market restarts again. I was wrong. Bitcoin is a lot stronger than I thought.

submitted by /u/Omega_into1
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