there has been a new prediction from social media, I had read it on telegram, that after the merge Ethereum,
the price of Bitcoin will drop below $19k, I am really surprised to see this statement, of course it can happen,
and I really have to prepare for it, maybe not just me, all traders should prepare in case it happens
If you do believe in that news preparing for the worse is the best thing to do, the current situation now shows that bear is bouncing back, and the market is in red, setting up your buying target right now to anticipate the fall will give you good rewards when the market start to bounce back and begin to bring the strong bull to run around. It's a risk though, but if you are really believing in such kind of news, it's best to take that basis and see if the direction will be moving according to your target.
Although this month the crypto market seems to be in the green, it's hard to say a Bull Run will happen anytime soon. If we look at the current market conditions, there are no signs that a bull run will occur because the bitcoin price is only in the $23k-$24k area and it is still difficult to break above $27k.
I think $27k is not looking to come anytime soon but probably around the end of the when volatility for the December festivities will approach but for now, we could be seeing this kind of shaky movement around the $23k and $24k without a strong pull of volatility. I will say the uncertain times is up for bitcoin where we all can speculate because no direction is established yet.
Right. The market situation still looks shaky without a strong pull even though since the last few weeks the bitcoin price has increased and the market is in the green zone, but now the market is back in the red zone and the bitcoin price is trading again in the $22k-$21k area.
Right, the market is shaking again and expect that pressure to see more dump is possible better to have a good alternative in order
to make proper decision if you are holding your assets, if you are more into investment, the timing is good while the situation is bearish you can collect and keep buying those cheap assets.