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.
some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.
I don't think it's only this year that bitcoin has experienced such a bad thing as it is today.
Let's imagine again what happened in 2017 which thought bitcoin was over, but in 2021 yesterday we saw bitcoin going up to the moon again, so no one was able to predict the current bitcoin market situation because everything happened suddenly.
If indeed the $24k level is considered the worst level then we consider it the last level for bitcoin to take the sport to bounce back.
You mean to say 2018? Because at the end of 2017 we have a massive bull run, setting ATH at almost $20k.
But this year, there is no mooning obviously, we are in a bear market, so there i a risk that the price will still go down and it's going to be what others call crypto winter. I suggest that everyone should prepare for the worst just in case the price goes to it's previous ATH of $20k. And that is a massive downturn, but we have to accept the possibility.