According to various traders and analysts worldwide, the Bitcoin bull run is finally over, and the current price of Bitcoin and the imposition of the taxes by Biden’s government indicate this fact. It could be just like the deception people have adopted around cryptocurrencies that sooner or later these are destined to fail, maybe this is happening with Bitcoin right now, and there was never a bull run, to begin with, but then again, these are deceptions and don’t carry any meaning or proof to back their integrity. According to senior analyst and trader Michal van de Poppe, this is exactly like the scenario where a hungry man will think, talk and respond to food only.
Bitcoin Bullish Run is far from Over
When people are seeing Bitcoin’s ship going down suddenly, they see it as a hoax; why wouldn’t they? There is so much at stake from their side. But the bull run was real, and it has been pushing the price of Bitcoin to newer horizons, and it is definitely not over even now, according to Michael van de Poppe. On his YouTube channel, he even posted a video that shares all the news you might be interested in regarding cryptocurrency, especially Bitcoin. In his video, Michael suggests that there exists a 50/50 audience at present; 50% are with the fact that the bull market was live for a long time, and now it is time for the bear market to swoop in and take over the controls.
But the other 50% suggest that the bull market is far from over, and this is just a correction period for Bitcoin, and it will be over soon too. Apart from that, another phase is known as the disbelief phase; most people can’t even comment on what their thoughts are surrounding this current scenario and what could be done to make it better. It seems that they have lost all their belief in crypto trading, and in the Bull Run, traders and even some of the experts are under the impression that it might not come along for a long time, and the bear run is going to associate itself with Bitcoin pushing the cryptocurrency into impending decline in price.