And what makes you think that people knows where the market will be heading to next? It’s a two sided thing here, the market can either go down or it will continue to go up. There have been analysis that shows that the market might go down below $55,000, and also others have predicted that it will reverse and start going up again. So, you just can’t tell what it is going to be exactly. So, it’s all about you making good plans and knowing what is going to favor you in either conditions or situation.
So far as I’m seeing it the confidence in the market is strong and people are still believing that it would get back above the $60,000 price, but if the market should drop below $55,000 as some analysts have said, is really going to affect that confidence in the market.
People DEFINITELY do not know where the market is going, it is impossible for them to know. I know that people "think" they know what the market is doing but the reality is that they have no idea where the market is going at all. I hope that people will realize that they are making assumptions and not predicting the future because I have seen too many "twitter influencers" in the world that claim they know what they are doing.
99% of those people end up being wrong in the end and making people lose money just because they trusted him, during bear markets they are losing money and staying low, during bull markets they come out and talk about ton of coins because eventually one of them will skyrocket since it's the bull market. It is disgusting.