We have seen many moves from most popular currencies such as; BTC, ETH, BNB, LTC and EOS and the rest, this year most of it gained it's ATH.
What is your thoughts for the remaining part of the year as already the year is been cut into two part already, 6 months gone and this is the beginning of the remaining 6 months.
Will the market go higher or lesser?
What is your fate as we have moved to next part of the remaining year.
My estimate is that in the next 6 months there is still potential for ATH. but it cannot be predicted whether ATH will increase significantly or even decrease. depending on the market's response to crypto. so maybe we really can't do that analysis to see how crypto's potential is in the future
we will see how market sentiment will come, is it still suffered by negative sentiment that continuely come from any countries? back to 40k will be good bounce for us to clear our floating position before maybe it could drop again to 20k. But everything could changes and news in market very dinamic it could be good or bad depend on how countries threat bitcoin and other crypto.
I think bitcoin will likely drop $20k than to pump to $40k, at least that's what I'm seeing now because if you look closely, the market is not anymore bullish and it's even struggling to reach $3k again. This is really the reason for an overprice market brought by the bull run, a correction would happen and we can't stop that, and since there's no bigger positive news that could hype the market, we can't expect a market rebound anytime soon.
I agree, currently it feels different than the first couple of months of 2021. There is really no momentum anymore and if there is some it is most likely going down. Unless we have some awesome news, but I thought for a while now that Bitcoin has become less sensitive to both good and bad news. Yes we are down 50% from the ATH, but to me that was a necessary correction rather than the response to any news.
Now it seems to be quite a long shot for Ethereum to make it back to $3k.