I know a lot of users thought 6K was the bottom for BTC...then it plunged another 50% down to $3200. Right now BTC is looking pretty strong, it had a HUGE spike from the support level. This COULD mean a reversal is imminent
Right now, I've been trying to accumulate as much NTS and BTC as possible. Every time BTC or NTS dumps a little bit on Nauticus, I've been picking some up. I think this bear market could be coming to an end and if it does we might see the next bull market start. Now, this could be a bull trap, but right now a lot of traders are optimistic and appear to exiting short positions and going long, so we will see.
Look At This Bullish Chart Action! -
https://nauticus.exchange/exchange/NTSBTCI think that the Bitcoin speculative market, those movements are very normal, you just have to try to understand why those things happen, there are many explanations when you review the volume, also the Order Book, and if you analyze the volumes in Exchanges you can give yourself account of the different reasons for which the passages pass.
At the moment the bitcoin market, according to my way of analyzing the market, is in the accumulation phase, in that phase it is very likely that many upward and falling movements will originate, that's because investors and market speculators They always want to buy as cheap as possible, and the movements are to hunt those who want to sell cheaper.
That's my way of seeing the market, as you see, it has some logic, besides, that investors and strong hands will never buy expensive.
