Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.
judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.
One of the things you will learn is that technical analysis can be spun in such a way that any data can mean one thing for one trader and the opposite for another, at the end of the day you need to begin to learn to trust your own instincts and your own analysis.
It is clear that the long term potential of bitcoin is slowly but surely entering the consciousness of the general population, and if to this we add the economic crisis that is forming then I do not see any way for the price of bitcoin to remain this low for a long time.