We have seen high contrast of market situations in real business world and the crypto space recently: Banks like SVB went bankrupt and caused a lot of fear and anxiety in the market; after a price drop within a short period, Bitcoin has gone up excessively to a high price which seems to be stable for a while; ETH and other big name altcoins have also enjoyed a price surge. More people are predicting that the next bull market is around the corner. Is this true ? Or are you ready for the next bull market ? I am with FireDAO team, in charge of the global community. Please let me know if you are interested in our new project.
At the moment the whole crypto market is almost impossible to predict in my opinion, even for people that really have a lot of knowledge about the market. The recent pump of Bitcoin to above 30k$ per coin came completely unexpected for me because at the same time the traditional financial markets were struggeling and in the past most of the time this also meant that the crypto market went down at the same time.
Now since two days or so the markets went down and Bitcoin is now at around 27,5k$ per coin which is the lowest price in the last 7 days. So i think it is very much possible that we are going down even more from here on like way lower, but of course this is also just a guess.