Post
Topic
Board Speculation
Re: are we going to have "fear" months?
by
fullhdpixel
on 09/01/2022, 15:58:22 UTC
i can't predict the impact of all this on the price since the current $41k is already way below what the actual price should be, but i can expect a month or two of "fear" where people are scared of buying bitcoin and eventually start hoping for a drop so that they can buy more (something like what we saw during $30k period in the middle of 2021).
Yeah, the price of bitcoin definitely would have been different if we did not have heard about the new strain of covid. At the same time, the awareness about making use of dips seems has been significantly increased which is the reason we are holding the support above $40k till now. So, when investors are confident about bullish trend in long run then this month may not remain how it started.

I guess tonight might be more crucial and if we see any bullish action tonight then we can be sure about upcoming bullish trend in 2022 otherwise this year would be a replica of 2014 and 2018.