{"id":12316,"date":"2022-07-20T00:19:41","date_gmt":"2022-07-20T00:19:41","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-price-holds-23-5k-leading-bulls-to-say-its-different-this-time\/"},"modified":"2022-07-20T00:19:43","modified_gmt":"2022-07-20T00:19:43","slug":"bitcoin-price-holds-23-5k-leading-bulls-to-say-its-different-this-time","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-price-holds-23-5k-leading-bulls-to-say-its-different-this-time\/","title":{"rendered":"Bitcoin price holds $23.5K, leading bulls to say \u2018it\u2019s different this time\u2019"},"content":{"rendered":"
Similar to Stockholm syndrome where captives develop a psychological bond with their captors, crypto winters have a way of flipping even the most bullish cryptocurrency supporters bearish in a short period of time.<\/p>\n
Evidence of this reality was on full display on July 19 after the recovery of Bitcoin (BTC) back above $23,000 was met with widespread warnings that the move was merely a fakeout before the market heads for new lows <\/p>\n
\n$BTC<\/a><\/p>\n
Not bad. But keep in mind that this still can turn into a classical fake out.<\/p>\n
My general thesis still remains, bear market rally pic.twitter.com\/VxnH4mo6hW<\/a><\/p>\n
\u2014 Jimie (@Your_NLP_Coach) July 19, 2022<\/a><\/p><\/blockquote>\n
While the possibility of new lows being set in the future can\u2019t be ruled out, here\u2019s a look at analysts’ opinions on how this BTC breakout could be different than most investors expect.<\/p>\n
This time “it’s different”<\/h2>\n
The pointed message of \u201cthis time is different\u201d was offered by pseudonymous Twitter user Trader XM, who posted<\/a> the following chart outlining why BTC is poised to head higher. <\/p>\n