Quote from: nur rochid on May 20, 2022, 01:19:36 PM

Quote from: bounceback on May 20, 2022, 08:43:17 AM

Quote from: Pterosaur on March 16, 2022, 09:30:16 AM

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

We can't say for sure whether the current decline was the start of a bear market entry or this is just a trap, but if we look at bitcoin's current movement, there seems to be little pressure for bitcoin to climb higher and bitcoin has tried to bounce back into the resistance area. is at the level of $ 40k but bitcoin has not been able to get to that area so there is a possibility that the price of bitcoin will go down again.

A strong bearish season makes many people wait to see the decline again to buy it. I think the $ 27K level becomes a strong support for Bitcoin, and yesterday it has touched that level it can be possible that Bitcoin's turning point, but if there is a decline again, I think the $ 20K area will be interesting to buy it. All of this is just a prediction, for sure we must be patient waiting for him. Therefore it is actually not easy to take a stand, because the doubt of the Raguan will always accompany us

The consensus right now is that the price should hover around 30k for the next couple of months. I don't know if that is true but a lot of talking heads on youtube are saying that. I'm just using this as a great opportunity to pick up some new cryptos that haven't mooned yet, like CNDL and ATRI.