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?
The circle this time has really moved differently and i cannot agree any less with what Wedson has said with his analysis, ordinarily by the normal cycle we should still be in a ascending pump but it happens that the market be moving sideways and getting many out because of the volatility and the corrective bear move over the week if not months now. personally i am still waiting for the pump because i believe that before the end of October ew should be up above $130k if the bulls comes in but it is very much worthy of note that it will take some time for Bitcoin to going back to actually respecting its usual cycle we had know it for all this years, or possibly it may even modify its cycle and not move in the exact same way we do see it move before now due to the increase adoption and the interference of ETFs which is actual to the advantage.
This is a very good time to make some buys and HOLD because in the expected time of Pump, buying at that time may not be the best due to the high market price at which you will be buying but if eventually you happen to buy at that time you have to make sure to have you eyes on the market to see the moves and know when to exit and take profit so you don't end up loosing to the market after buying at a very high price.