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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?
Well, I will throw back what he said to us. We can't judge the same way as the previous ones, so there's also a chance that the last quarter of the year might be the start of the bear market just like what he said. 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?
On the flip side, I'm leaning towards the fact that the final quarter of the year will be a bullish one especially during the month of October where Bitcoin is very bullish during this month in all of the bull run years (2013, 2017 & 2021). I'm still waiting for the FED cutting down interest rates then from there, I will make a short term decision on what will I do with my assets. TBH, I might be selling some during the final week of September and all throughout October, and will keep some for November and December.
Overall, I'm still waiting for that pump to happen, but we need a catalyst for that to happen. WSJ said that we might see the FED cutting down interest rates TWICE, and that might be the catalyst that we are waiting.
