Quote from: Zigabel on Today at 10:24:15 AM

Quote from: MainIbem on June 22, 2023, 07:25:43 PM

Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.

We have experience the bear market for quite some period of time now, following the Bitcoin cycle which is a very strong factor for trends in the crypto market it's said to be believed that we have gotten pass the bear period altho not completely but for a while we can be sure not to go too dip the only worse thing that can happen will be a correction, there are support and resistance level which if these prices get to, they usually try to come back and correct and that's the experience you could get now, so I can say it's not a bear trap and market will continually progress in the upward direction so if you don't hop in now you may be faced with FOMO soon

Previous historical chart say there could be a major correction before the halving and this can occur in Q1 2024. The market can be manipulated to give Blackrock like ETF managers, a better position to buy bitcoin as some of the big corporations, like Microstrategy, are already sitting at a good average buy with tons of bitcoin. So Blackrock needs to have a good deal to accumulate bitcoin before the final ETF approval otherwise, they will be forced to buy at a higher price than those early institutions.