Hey guys. What situation will be on cryptomarket by the end of the year? Do you think crypto market will recover or not? What price bitcoin will reach by the end of the year?
Hi,
First of all, I would like to mention that this is only MY thought and please DYOR.
I personally think that we will have an uptrend after a big dump (something like $4K). Later on, the whales will start pumping again and we will be on something like $7K like we have in these days. After that, we will see an alt season for 1-2 months. Whales will try to make more money like they did last year by pumping the coins systematically and of course by dumping them. Please check out the cycles of last year. After the alt season, we will see BTC on the stage and it will make a new ATH. Whales gonna make more money again with their earnings from alts. Now, it is BTC's turn for them to make more money.
To be honest, they won't let go making money easily. They will be back and we need to be cautious and avoid entering pumping coins plus black swan events.
I am sure the cycle will run again.
Happy trading!