Ninjastic
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Board Speculation
Re: There will be more down - bearish on BTC
by
TravelMug
on 27/10/2022, 06:01:15 UTC
Quote from: Sanitough on October 26, 2022, 08:59:14 PM
Quote from: TravelMug on October 25, 2022, 10:15:05 AM
Quote from: udayantha11 on October 25, 2022, 10:00:55 AM
As previous trends , logically.

we had our BTC top 1 year back(69000$). So after one year we can not expect another ATH going to happen. Market need sometime for next momentum. Even other markets too.

If we guess that we can expect next market preparation  after next halving ,. Hence , we have exactly 1 year and 5 months.

Clearly can see consolidation area in next year(2023). So definitely we can grab , more buying opportunities rather now.

We had Bull market , Now we are at the end of the bearish momentum. Consolidation area is incoming.

This is my market reading. I know everyone does have different opinions. Lets share
 

Well if you have been in the market and have seen previous cycles, yes the catalyst for the next bull run is the bitcoin halving, and it is still very far.

Consolidation has been happening in the last 4 months, the price has been trading sideways, we might as well take that advantage and accumulate.

For 2023, yeah, maybe we can see lower lows for this bear market, there are predictions that it could be around $10k-$15k, but we will have see.
It’s not a problem actually if bitcoin will create possible lower lows by next year because it only means our opportunity to buy bitcoin and other coins is extended, thus giving us greater chances to be profitable when the final bull market is here. Although it’s still uncertain if we will witness a new all time high after bitcoin halving, but whatever it is, we should still not resort into panicking as it will only bring a total loss for all of us.

I'm not saying that it will be a problem if we see lower lows by next year or even prior to the bull run. Because that's how the natural lifespan of bitcoin market. So right now it's $17,500 and maybe next year around $15k or less?

Again, those who have experienced here will not panic if the price goes down hard, on the contrary they will take it as a perfect opportunity to accumulate BTC and have the patience to keep it till the next bull market.