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.
I will not doubt the prediction of Joao
wedsinwedson toward next month prediction , because the sign of the bear
inis spreading already for people to know that bear run is approach to hit the market. Even this rising and falling of BTC price people are seeing right now, will not make the price of BTC to pump higher above the price we have seen in the bull run, because the green light is no longer stable like the way it was stable for the price to cross above $123k few months ago.
People will continue to involve in BTC investment, because they know that there will be bear and bull market that will give them the opportunity to achieve their goal from BTC. For those waiting for October bear market, I guess it will surely come to pass for the price to dump below $89k for both long time investors and short time investors to buy again and hodl for bull market to occur before they can sell to earn profit.