I see that the fall in prices in the market has stopped. For the third day in a row, Bitcoin is at over $ 17,000, and ethereum is at over $ 500. Holders of the cryptocurrency are in no hurry to sell it, so far those who could not stand their nerves and who urgently needed money did it. It seems that the price correction will not last long and the bullish run may continue in early December.
Nah, too soon to tell. It's the weekend and yes, we're almost back above $17k for 12 hours now but we haven't put behind volatility in the past 24 hours. Also, the bulls and bears do love a Sunday, so they could just be prepping up some targets for intense selling pressure below $17k. The wall already crumbled several times there, only natural they'll want to go a notch lower.
The problem is lack of assurance to whether this is just a bear trap or the actual price correction lready but bottomline is that, the market would only go between these two. So what matters the most at this moment is to how will investors make an action regarding the situation. Will they continue holding? or will they assure the profit as early as it is? The answer would be depending on how the investor will view the situation. But I'd also prefer a lower market price in order to invest for some few amounts of it and to wait for another price increase on the latter.