Quote from: Newlifebtc on May 29, 2022, 11:28:17 PM

Quote from: roadrunnerjaiv2025 on May 10, 2022, 01:35:50 AM

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.

I believe the price is unpredictable and is something that you can not understand the speculation and how the market rings about, today you will see the price moving higher and tomorrow the price will kick slowly for the market, so Bitcoin is a market that the price going up and down is grown by the statistics or the qualiy of people demanding for it and the level of people admit to sell,those people who is holding cryptocurrency is the one regulating the chances of it going up and down

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.