There is something that has pushed the price to rise below $26,000. No one knows what it is and it may appear as purchases in the records of one of the companies when this quarter’s report is issued. But in any case, a 4% rise does not mean that we will witness an upward wave for this month, as we may remain below 30k most likely as there is not enough momentum for this historical resistance level, but before the end of the year we will be between 30k to 40k.
It seems like what you said might not happen, but this is actually a good signal for the market in the future, even though I'm not completely sure that the market will continue to rise. because the halving is still a long time away, and usually experiences a final decline before rising again.
honestly it depends if there's a good news keep appearing one by one, i'm pretty sure decline could be avoided, since the market sentiment is getting good, people are investing left and right believing that bitcoin will be bullish eventually. even though the same as you, i would already expect some correction along the way, since thats what usually happened when the market kept on rising more and more, eventually there needs to be some time for accumulation. but seeing that there are some real good news about ETF, i'm kinda positive that we are definitely gonna get imminent bullish at the right time in the future maybe next year.
the one thing that I know for sure is that, considering altcoin rise this recent months, im kinda positive that altcoin will also come and probably will happen at the same time when bitcoin is rising.
that'd be great scenario if truly occurs.
It's hard to say what will happen next, although the market is growing quite well even as news about CZ is spreading in the market. But we should not be subjective that the market will not decrease anymore. Fomo and optimism people are not enough to maintain the bullish momentum of bitcoin because we are not the ones who decide the trend of bitcoin. Market makers, large institutions... are the ones who decide how bitcoin will move. Don't let the excitement kill us, be alert every time the market goes up while the halving has not yet happened.
Regarding the market situation, I think that once bitcoin goes sideways and ETH surges, we will have an altcoin season.
Its never been easy in the first place on which predicting on where the prices would go here on crypto space is something that would really be always a challenge. There's no one on this world
would be able to know on whats happening in the market on which there are really factors on which it could really be able to affect it out on what are the outcomes or results of it.
This is why people/investors/traders would really be always having that kind of speculative approach from time to time.
Following into its bear cycle? There's no way for us to make out some conclusive approach because every month of the year would really be never ever be the same on which means that
you couldnt really be able to tell on whats going on the market on a specific month. Its neither it would be following or not, then its not really that shocking if you do ask me.
People do really love on being that conclusive when it comes to this on which they do really believe that there would really be some sort of pattern.
Thing here is that we do really know on what we must do and on how we should act because if we dont then for sure it would really be
that creating those bad decisions when it comes to investment.
