I think the cryptocurrency market is going down a lot and is signaling an upcoming bull run in December. The market will rebound and Bitcoin will raise $ 20,000.
Where's the signal? I haven't seen any signal right now. We can barely tell if there's really a signal that triggers a bull run in December. We can easily say that the market will raise to $20,000 again but its hard to figure out when.
You are right reasoning. People talk about bulls in December, because last year it was, and they want this repetition.
And we can't repeat that with our own will. The market has to react accordingly with what's happening base on the trades all over the world. Just because we saw it happened last year, it will be the same for this year. We're sick of those predictions that are saying that the market will end up with $25,000 - $40,000 for this year.
I guess they believe in the saying that history repeat itself , thats why they keep on saying that the crypto market can recover and pump too much as soon as it reaches the final quarter of the year . even my self , im also tired of those repeated speculaton but atleast they can somehow give us a hope or motivation to keep on going .
it also help other people to encourage buying at this dip . so overall , those kind of speculators are still beneficial to us and to the crypto society .