As we enter 2020, Bitcoin sentiment has slowly become bullish--silently.
Recent price action has completely destroyed the sentiment among retail crypto buyers as Bitcoin price went from 3k - 14k - 6k (and now we sit at 7.2k)--All in the year 2019
Though, what the average market observer doesn't understand is that--Markets move in cycles.
The most successful FUD (Fear, Uncertainty, Doubt) campaigns are done in unregulated, volatile, and even more-so speculative markets.
Cryptocurrency markets are speculator-based derivative market-environments. The perfect environment in fact, for manipulation to happen.
What I've seen as-of-late, is a huge push in spreading FUD. Now this is FUD that is very observable, not only in the amount of shorts on high volume exchanges (margin positions at that)---but it is observable in news spread, both via traders with large followings, and on media outlets alike.
Do not be fooled.
Bitcoin is bullish, and if you think that it is going to dump to 3-5,000 USD, you're mistaken.
What do you think about recent price action? Comment below!