With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But in reality, most people choose to sell their assets and also take profits in the market, in order to celebrate the Christmas and New Year holidays.
But this is the best opportunity for us to collect more Bitcoin and set aside some money for the New Year because I do not celebrate Christmas, and I am also still very optimistic that the price of Bitcoin will reverse direction to return to 100K in the near future and so on until it reaches the highest cycle in 2025.
Many people choose to take profits to celebrate the New Year and Christmas. That is why the market looks quite bearish. It does not seem like Bitcoin will be able to show any more pumps this year. We may be saying goodbye to 2024 with an ATH of $108k. However, I am not at all alarmed by this state of the market. On the contrary, I am really happy to see such a decline in the market. Because, I do not celebrate any special days in my personal life or spend any money unnecessarily on these days. Therefore, I want to celebrate such a period of market decline and take full advantage of the market. I consider this time to be a good time to buy at a low price and take high profits. We may never see such low prices again in the future. I think we will see the market stable or bearish until the end of January 2025. If we follow the previous statistics, we may see a big pump in February or March.