A few days ago, I kept reminding the market that it was still in a Bear Market cycle, and the result was a pile of doubts—some said I was sticking to old views and not adapting, while others joked that anyone could draw Technical Analysis.
But what about now? Many of those who were once firmly bullish are now trapped above 120,000, cutting losses? Not a chance, they're still holding on.
Here’s another prediction: the current Bear Market for BTC is likely to last until October next year, and the price will probably retrace to the 50,000 range. By then, those who are still unconvinced will probably feel it deeply. The market has never changed direction just because someone shouts louder.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
0xSoulless
· 10h ago
Trapped with 120,000 and still holding on, this is the self-cultivation of suckers.
View OriginalReply0
ZenChainWalker
· 12-01 13:53
Ha, the slap in the face comes quickly, is there still anyone who dares to say that Technical Analysis is just painting?
---
To the 120,000 Tied Up brothers, this is just the beginning.
---
See you in October next year, at that time we'll know who feels the pain.
---
Really, the market never listens to anyone's nonsense, it only recognizes chips and time.
---
I will quietly watch how these "bullish PI" explain.
---
50,000? By then, I guess there will be another wave of new suckers entering the market.
---
To be honest, persistence is originally a thankless task.
---
The market educates people the hardest, and this wave is what you guys have experienced.
---
To those still stubbornly holding on, I just want to ask, is it worth it?
View OriginalReply0
zkNoob
· 12-01 13:53
Trapped 120,000 yet still holding on, laughing to death, this is called the self-cultivation of suckers.
View OriginalReply0
TopBuyerBottomSeller
· 12-01 13:51
Really, those who are trapped are still holding on, it's making me laugh to death.
---
50,000? Brother, I bet on a moon with your prediction.
---
Well said, the market loves to slap the faces of the most confident people.
---
Those who are trapped at 120,000 probably feel heartbroken just refreshing the page, nothing more to say.
---
With this wave of market changes, who would still dare to call bullish? It's too harsh.
---
50,000 by October next year? I'm just waiting to see whose face will hurt.
---
I really admire the mental quality of the guys who have stubbornly held on until now.
---
Technical Analysis can be drawn casually, but the results are right here.
---
When it really falls to 50,000, this group of contrarians will probably wake up.
---
That being said, with such specific predictions, you really have some skills.
View OriginalReply0
GateUser-6bc33122
· 12-01 13:46
People who are trapped now should understand that the market never pays attention to who is the loudest.
A few days ago, I kept reminding the market that it was still in a Bear Market cycle, and the result was a pile of doubts—some said I was sticking to old views and not adapting, while others joked that anyone could draw Technical Analysis.
But what about now? Many of those who were once firmly bullish are now trapped above 120,000, cutting losses? Not a chance, they're still holding on.
Here’s another prediction: the current Bear Market for BTC is likely to last until October next year, and the price will probably retrace to the 50,000 range. By then, those who are still unconvinced will probably feel it deeply. The market has never changed direction just because someone shouts louder.