Sometimes, our analysis depends on what we believe.
I respect your analysis, Op but we still couldn't hide the fact that the market could possibly drop down unexpectedly anytime.
However, the market situation is still showing that it could possibly reach the best value this year.
It's just hard to finalize or conclude an exact value for now.
It is very normal for market to drop most especially when it gets a long stretch of increase, but that doesn’t mean it is dropping low to stay there for a long time, it will drop to surely gather more momentum that will see it through the next increase. So if people predict that bitcoin is heading towards $10k, doesn’t mean it will just continue to pump without having a little correction.
That correction is what gives people the opportunity to buy again and the result of this is what usually leads to it increasing further for the next trend. I see a correction soon before hitting that value and I am hoping to buy at that correction again.
Of course a drop of few hundred dollars is not a very huge thing because if you look at the average, the rise is always more than the fall and I am rather more optimistic about the rise than the fall. So since we are having the rise in the market right now, it is a wise move to speculate some money in the best and profitable coins out there in the market.
LOL, but what if I tell you that I am sometimes optimistic about the fall too, does that not sound crazy? That drop you fell it’s not a big deal is actually a big deal to me and I usually appreciate it, because without those falls, there is no way I will make profit or be able to get an entry point.
I am a trader man, and the market must fall for me to be able to buy and sell again when it’s high, do you know how much I am already gaining again when the market fell to $8170? If it has not fallen from $9k after I sold at that, how would I have gotten the chance to buy back. So dear, both rise and fall of bitcoin values favors me both.
