As we continue to develop momentum in a bullish price direction, Bitcoin price confidence among the masses perpetuates positive sentiment already developing with price.
The entirety of market bullishness leads, historically (aside from a few alts over the years) with Bitcoin. Bitcoin is the king of crypto, and it maintains its position as king through market sentiment control.
I am personally bullish, as can be seen here in a previous post : https://www.publish0x.com/blockchain-simplified/bitcoin-entering-bull-run-xxlemr
I know. I know.
The new money in crypto loves to short. Though, I don't see the end game for people that love to short constantly (or are only aware of ways to trade via shorting the market during a bear market).
It is my belief that volatility created by the aforementioned market conditions will both be great for experienced/weathered traders--but for a bull market as well.
Once the shorts loosen up, and traders are more 'experienced' in getting liquidated shorting on margin (something I hardly ever do with crypto), a new all time high will be close to realization, and further, will be propelled by shorters finally learning how to long the market.
What price do you think Bitcoin needs to reach in order for the market to be considered macro bullish?
Comment below, but please as always be polite to those you are debating/discussing this topic with :)