Post
Topic
Board Altcoin Discussion
Re: How do you feel about market recovery
by
Hypnosis00
on 14/01/2023, 09:18:30 UTC
Well, I'm happy it finally came back to 20k (price right now) and finally left that range where you can't help but feel it might go down again. Still, I reckon we might dip down back after a few days, or weeks since the price increase was kind of straight instead of something steady (which was what I expected really). It should be temporary though, maybe another up-and-down movement from between 19 and 20k, for a few days. In the bigger picture though this isn't exactly anything big, after all we're still pretty far off from $30k itself. We just kind of opened up a space between the possible worst case scenario (which is a dip to $10k or so imo). 
The top 4 coins in the CMC are turning green now. Whether it is a trap or not, at least we're getting back high a little bit but we couldn't assure how long it takes this high because we've never found a valid reason for the cause of this pump. I wasn't thinking we are tuning bullish but rather to believe we are still in the bear market.


However, this scenario will give hopes for those who bought Bitcoin at $20k for at least they know that it was not impossible to earn profit if they will hold.