Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
Bitcoin was pushing another coin to be dumped. Please look at this
https://www.investing.com/news/cryptocurrency-news/spacex-sold-373m-worth-of-bitcoin-acquired-in-20212022-report-3156924Bitcoin needs a lot of volume to push it back again to the 29k -30k. One of the companies that holds a lot of btc was just liquidating its crypto. Im not even sure what's gonna be the future of bitcoin. I can consider spacex leaves crypto is bad signal.
We must be patience until market turns to be bullish again soon.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.
The price of bitcoin and ethereum are still very strong at this moment but it seems like that it's lack of buying volume. This is not bad but i hope there will be more volume to come for bitcoin. It may stuck in the same place this time.
What is your personal expectation?
Slowly but surely crypto will be going up again in the future. The market being shaken by the dump from one of big company in the world. I would not be surprised to see that everything turn into the red due to the bitcoin dump.