Joao Wedson, founder and CEO of crypto analytics platform Alphractal has made his assumptions clear as he shares his expectations of bitcoin. He noted how bitcoin has corrected 15% from its ATH already and if this continues we might see bitcoin start the bear market starting from next year. He also noted how this cycle can't be judged the same way as previous ones because of involvement of ETFs and other major investors. But we all know how in all previous years, the last quarter of the year is when bitcoin usually pumps. So the chance of bitcoin correcting and pumping next month is possible. Are you waiting for that pump? or have you already been affected by FUD?
I agree with the statement that the ETF and institutional involvements in bitcoin will definitely make this years bull run to be different and it is already happening as there are indications already that signifies that this years bull run is definitely a bit different, Although it hasn’t actually swayed away from the historical trend but there are things that are making it deter a little bit away, like the month of August ending bearish. One key thing is that this institutions involvement will be heavily affecting the market volatility rather than anything but most historical events will still be unchanged. This is part of the reason why most people think that we could even have an extended bull run as institutions wouldn’t be selling easily
October will be very last months of this market cycle bull run but I think it's worth to repeat what we all knew "Don't time the market" as we will fail to do so.
I will add November to the month for bitcoin been bullish, November isn’t predominantly bearish and with the way the third quarter of the year has turned out I will say bitcoin would be super bullish in the last quarter and this could make it extended throughout the months and we could be testing correction probably the last two to three weeks of the year. Lots of corrections are happening already this quarter paving way for a bullish last quarter