Looks like the market has stopped bleeding for the time being. Seems like they found a new consolidation point right now. I'm interested to see which direction it will go from now on. Definitely been a rough couple of weeks with all this red in the market
Yeah, its been a roller coaster right in the last couple of weeks and its very rough to see what direction bitcoin is going. Everyone really thought that we have recovered the first crash, unfortunately, there's a lot of negative sentiments around pulling the price once more.
The price has been stalled in the $10K-$11K, I think it was influenced on the bitcoin future contract that will end. But then let's see, look like the price is back to $11.3, is this another bull trap or are we really back in the game now?
I hope so. It totally depends on bitcoin. If bitcoin can reach 13k usd new bullish season may be start but if it falls below 10k all altcoins will be red again. Bitcoin still decide what is going to happen.
All we can really do is to hope that we are headed to $13K so that we can somewhat breath a sigh of relief. But if it fall on the $10K range, it will be a long day for everyone. Crossing my fingers.