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RE: What is a 'bear trap' and more importantly, are we in it?

in #bitcoin7 years ago

With BTC reaching the $5000 milestone, the rapid 10% drop that happened this past weekend would "in my opinion" be the very definition of a correction. I figured we were in for a price drop sooner rather than later - and to be honest, I expected it to be slightly larger than it was. Just goes to show how strong Bitcoin really is, and gives an indication just how much all other cryptos are tied to it (or dependent on it).
The bulls are pushing back and who knows, next week we might even have a "stampeed", so to speak. Something tells me, looking beyond next week and into the next two or three months, the gains are going to be epic...
Cool post... Upvoted...:)

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Thanks. I tend to think the same. Big carnage today with the Chinese regulation around ICO's. Hope we will get bullish soon again.