Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.
judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.
As for me, what is happening on the market right now is what happened before. By the end of this 2021, many, and I, too, expect a new bulrun, and many factors indicate this, but which one it will be difficult to guess, but most likely it should start already this month. If it happens, then at the beginning of the new 2022 we will see a drop in cryptocurrency prices and this will mean that everything is going according to plan and will show once again that the crypto market is cyclical. So for me personally, everything is clear and I just have to go with the flow. But as we know, sometimes surprises occur on the market, which means that you need to closely monitor the market and the events taking place on it. This will allow you to react in time to sudden changes.
