While Bitcoin bull markets have their mania-filled moments, there can also be several quiet periods of establishing support at new levels. Bitcoin may not be exploding to $20k anytime soon, but we talk about how it is doing exactly what it needs to in order to make its way to a sustainable $20k per Bitcoin. The true price discovery mode for Bitcoin will not come until once it surpasses $20k and sustains it. This is still likely over a year away. We discuss the current sentiment for Bitcoin and how it is checking all the boxes it needs to for establishing the beginning of a bull market.
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