Threads like this popping out yet again because the market is dropping.

It happened when Bitcoin dropped to as low as $74,000, and there are some who really thought that we are starting the bear market season at that time which is a bit funny knowing that they've been in the crypto space for quite some already. When the market pumped, threads about the bullishness of Bitcoin popped out again, and this time, it's happening yet again. Well, looking at the chart, Bitcoin really turned into bearish IN THE SHORT TERM, but if you will look at it in the long term, it's still bullish.

Anyway looking at the market, if you will draw a Fibonacci Retracement at it's recent low of $74,000, and it's recent high of $112,000, you will see that the 38.2 lands at around $97,500 so I expect that Bitcoin might try and go back to that price, and from there, it will depend if the bulls still has the control, or we are seeing the start of a complete reversal.
