Didn't you notice na medyo silent ang market ngayong bearish ang crypto market? Ganoon din noon, that means most people have lost interest for now and shaking off the weak hands or waiting for something big happens, and in the mean time, big players are buying btc by the hoards in OTC's kaya wala tayong makkitang high volume or volatility in the crypto markets, except margin exchanges. Until then will be shocked and will succumb to FOMO if a news again explodes.
Pwedeng na hit na natin ang bottom, pwede paring hindi at pumunta ng below $3,000, pero this coming weeks should we hit the lowest, it will be the last lowest price you will see btc staying at.
Let's say you have
BTC0.00300000($10) today bought at $3450 - and If BTC should go to a price of $250,000/btc, your $10 will be now $750 and $10 is worth
BTC0.00004000 (4k sats) at that 250k price (If only btc gets 20% that of gold's marketcap). and 1php = 1 sat. And syempre, if you had a strong altcoin you hodl from a low price, huge profit will be likely.
But at that time, it's harder to get 1 btc promise- most will likely get 0.01 btc or 0.001 btc even if you are already a millionaire.
Anyway, all of these things I could be wrong. Anything can happen in the market and we cannot possibly know were it is going. Technical Analysis is not predicting where the market price goes, it's simply an opinion and deciding kung ano gagawin mo and making a plan from and out of it. What do you think? comment below.
Other related posts:
https://bitcointalk.org/index.php?topic=5096570.msg49202330#msg49202330