This predictions have happened in the past several times and some do not end up happening like this and those taking long positions will get liquidated if they never applied a proper risk management when taking the trade. Alongside trade wars and conflicts around the world that is affecting the market, even economic news are also making the market behave in this shady way.

The market is profitable for a trader at all time if they have a good approach and understanding of the market unlike the investors always waiting for the market to recover from a loss especially when they don’t have any more money to buy the dip more.

This is a crucial time in the crypto market where the bulls are believe to take charge of the market, so every fall in the market price sends a negative signal to holders and they always wants the market to recover, so that their investment will be in profit.