Post
Topic
Board Altcoin Discussion
Re: September 21. HUGE dump!
by
Ararbermas
on 21/09/2021, 18:20:56 UTC
The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit.
https://coinmarketcap.com/

Will this be the start of the bear season?

We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles.

As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next?
https://www.binance.com/en/trade/BTC_USDT
the bear season started few ago mate, and most of the pattern is almost the same since market change direction, wherein bitcoin and some altcoin making the same pattern on this situation even though last night market was doen - 8%. in fact even now as i checked it through trading view (binance exchange) still as is.
For me in my personal opinion so far this situation is not the same before that the market really plunges to the dip wherein it seems making a normal correction and seeking for the real support to keep hold until the bull came back. Perhaps what some analyst speculation is true before the market turn into red, because their saying the bearish will not become worst on this situation.. And it seems not in my view as well.