A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user -
Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
In my own instinct, anything can happen without warning especially the predictions, speculations and assumptions that we have for a specific coin or the entire cryptocurrency market.
We just simply don't know if $17k was the real bottom, but we have to be ready for anything. September is going to be a crucial month for us because of the Ethereum merge. Before it would happen, the market will be manipulated by the whales so that they could buy BTC, ETH, etc., at much cheaper prices.
The bear run won't end soon. Probably we might be touching $17k again or so. Just my opinion only.