I think its not new to market of crypto its just common senario that btc will hits highest rate then another days or months it become low just be happy if btc low its time for trader to buy more then sell it but in my opinion btc will increase this year
Topic: Is Bitcoin in for another low? - page 2. (Read 270 times)
https://www.msn.com/en-us/money/savingandinvesting/why-investors-should-dread-the-month-of-may-–-especially-this-year/ar-AAwqxnh?ocid=spartandhp
^ check it.
According to historical data, the stock market bears in May for most years. We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion. What do you guys think about this upcoming May? Will we moon more or will we dip?
It seems to me that institutional investors who are invested in both stocks and crypto will move some crypto out (sell) to help offset their losses from stocks. That's what could drive the price down by a bit.
What are your thoughts?
^ check it.
According to historical data, the stock market bears in May for most years. We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion. What do you guys think about this upcoming May? Will we moon more or will we dip?
It seems to me that institutional investors who are invested in both stocks and crypto will move some crypto out (sell) to help offset their losses from stocks. That's what could drive the price down by a bit.
What are your thoughts?
I don't really care to be honest. If it goes lower, just buy more BTC as a long term investor!
And as trader you mostly care about the volatility as this is what gives you the opportunity to make money out if it. So this would be good as well.
What I don't think is going to happen is another low below $6k. So there is nothing you need to worry about imo.
According to historical data, the stock market bears in May for most years.
This sort of analysis is very common on the stock market. 'Santa Claus Rally', 'Sell in May and go away' and other sayings get repeated every year but in reality, any backtesting of the data shows that it would have been impossible to make a profitable strategy from them.
I'm also less than convinced about any correlation between the stock markets and crypto. The crypto markets being much smaller are more susceptible to large swings on very small pieces of news. So basing any analysis on past data is even less reliable than in stocks.
We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion.
maybe something like this happened only once in the past 9 years but any other time the exact opposite is happening. meaning if stock market performs poorly, the investors start looking elsewhere to make profit so they take their money and invest it in bitcoin making bitcoin price rise even faster.
ignoring all that, we have already had our big bear market with a HUGE drop. there won't be any more drops. and now the trends has also reversed so there is not even a sign of drop to be seen! all the signals are pointing to a rise.
(there is something wrong with that link by the way)
Yes, but I think for the moment we have found a resistance at around $9,300-ish. If we break it, I believe price will skyrocket as we will pass the psychological $10,000 mark.
As for OP, past behavior of the market isn’t useful to predict future behavior. We can see some regularities while interpreting the past, but especially in this field, we can’t make accurate predictions.
I still think the resistance is at $10000 not any lower. there is currently a nice accumulation phase going on and with it there will always be some light FUD going on to try and push the price down a little more so that they can fill their lowball buy orders that they placed below $9000 level. otherwise they will continue buying above it until the breakout occurs.
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We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion.
maybe something like this happened only once in the past 9 years but any other time the exact opposite is happening. meaning if stock market performs poorly, the investors start looking elsewhere to make profit so they take their money and invest it in bitcoin making bitcoin price rise even faster.
ignoring all that, we have already had our big bear market with a HUGE drop. there won't be any more drops. and now the trends has also reversed so there is not even a sign of drop to be seen! all the signals are pointing to a rise.
(there is something wrong with that link by the way)
Yes, but I think for the moment we have found a resistance at around $9,300-ish. If we break it, I believe price will skyrocket as we will pass the psychological $10,000 mark.
As for OP, past behavior of the market isn’t useful to predict future behavior. We can see some regularities while interpreting the past, but especially in this field, we can’t make accurate predictions.
We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion.
maybe something like this happened only once in the past 9 years but any other time the exact opposite is happening. meaning if stock market performs poorly, the investors start looking elsewhere to make profit so they take their money and invest it in bitcoin making bitcoin price rise even faster.
ignoring all that, we have already had our big bear market with a HUGE drop. there won't be any more drops. and now the trends has also reversed so there is not even a sign of drop to be seen! all the signals are pointing to a rise.
(there is something wrong with that link by the way)
https://www.msn.com/en-us/money/savingandinvesting/why-investors-should-dread-the-month-of-may-–-especially-this-year/ar-AAwqxnh?ocid=spartandhp
^ check it.
According to historical data, the stock market bears in May for most years. We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion. What do you guys think about this upcoming May? Will we moon more or will we dip?
It seems to me that institutional investors who are invested in both stocks and crypto will move some crypto out (sell) to help offset their losses from stocks. That's what could drive the price down by a bit.
What are your thoughts?
^ check it.
According to historical data, the stock market bears in May for most years. We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion. What do you guys think about this upcoming May? Will we moon more or will we dip?
It seems to me that institutional investors who are invested in both stocks and crypto will move some crypto out (sell) to help offset their losses from stocks. That's what could drive the price down by a bit.
What are your thoughts?
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