Post
Topic
Board Speculation
Re: Between $24K and $27K
by
SaveOurSea
on 10/05/2022, 22:28:05 UTC
Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

But one thing has a high certainty---the bear market is temporary.

The bull is not a matter of if but when.
Bitcoin's strongest support is at $28000, that's really a support to keep in mind,
otherwise we'll see the biggest dump of the year, but I really hope institutions can hold the price at $28k to $30k too