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RE: How long will we wait for the next Bitcoin bubble?
I think that some time must pass for people who lost money to risk again.Of course, Bitcoin has surprised us many times and it is possible that he will do it again.
This is you being in your feelings and not looking at the charts. People are making money and losing money all the time. When BTC gets to $10,000 the people who didn't buy will see how much money they lost from not buying right now.
Do you see how it's psychology ?
Do you think it is natural for BTC break the resistance zone (formerly support) without a problem , which has been shaped for over a year ?
It seems to me that someone buys BTC and does not care about the price. People who bought for $6,000 throughout the year should now sell, but the price is still growing. Whoever buying BTC now is bigger than the whales we had last year. This can be Binance with blocked deposits ... buying BTC for Tether? Who knows.
It totally depends on who is buying. Investors don't buy it to sell it in the same year. Hedge funds do buy it to sell it for profit as do professional traders.
I don't know where the volume is coming from to make a claim on what kind of investor it is but my guess is that it's more likely to be longer to medium term investors rather than day traders right now. I don't think it's Binance.