Post
Topic
Board Altcoin Discussion
Re: New bull market or new bear market ahead?
by
tsaroz
on 23/08/2023, 13:30:54 UTC
Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
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.

What is your personal expectation?

This is a sideways market. Bitcoin has been moving between 20k to 30K for over a year now. Anything below 25K should be utilized as buy points.
After a bear and sideways movement around the low, it's no brainer to predict an upcoming bull. But no one is sure enough when would it arrive and whether we would get many other opportunities to buy bitcoin. A prediction is once we hit 41200 on bitcoin, we would move into a bull run.