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.
Well, for as long as the bear market is here to stay, then its not impossible to see bitcoin price drops more. I know it will certainly happen before we will witness a new ATH that is bound to happen every after bitcoin halving. History proves it and I know history repeats itself. So invest more in bitcoin and see where it will lead you in the end.