Crypto community has been recording a great rise in prices in the past few days. Everyone has been saying the bull run has come again until this night when the prices of all the major cryptocurrencies. started falling again. Can this price fall be a Dip or the dump.
The market sentiment is still positive, so in my opinion this is just a correction and more price increases will start soon. It's hard to say how deep this correction will be, but if it is up to 20%, it will be very healthy for the entire market. I think we can slowly get ready for shopping. I think that the upward trend (despite temporary corrections) will continue at least until the end of the year.
The upward trend it is surely going to keep the price going up at least until the end of the year but what we do not know is how high the price will go during that time frame, so for anyone that is thinking on selling their coins please do not do it, you are going to regret it as the price has the potential to reach 6 figures during this cycle and if that happens then the profits we can still get are going to be very significant as long as we do something as simple as holding our coins.
It is very difficult to define the upper limit to which the Bitcoin price may reach. In my opinion, the most pessimistic scenario is ATH at $80k. When it comes to the most positive development of events, the differences are very big, because it can be $100k, but also $200k if it happens as copy of Decmber 2017. And if the bull run lasts longer, the new ATH may even reach the level of $300k or higher.