Things started looking good, giving a bit relief!!
But wait!!! Again sudden dip of $5000 in a few hours?? How can we explain it: Are bad actors manipulating it or it just the market sentiments towards downward making such huge pricefall?
Its the start of the bear market and I'm pretty sure there are analysts out there that will say it too.
Well, this might really be the start of the bear market. TBH, I'm like other users out here that are also bearish for the year 2022. I believe that the 2017-2018 cycle will happen again this time in 2021-2022 and as of this moment, we are seeing it.
Its the Federal Reserve that must be blamed for what is happening right now. Their moves are affecting the stock market negatively. NASDAQ, Dow Jones and other US stocks are down right now and we know that the stock market and crypto are moving almost the same. This is just my opinion though, don't bash me because I'm blaming the FED because there are some who see them are the reason as well
![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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I hope that all of us are ready for what is happening right now. Many are expecting for this to happen and it became even more possible when we saw Bitcoin going down to $40,000 a few days ago. I hope that those futures traders especially those who are at long are still ok
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
. The next support? $30,000 since there are no other near supports out there because we saw Bitcoin going from $30,000 to $40,000 without any correction and I think the lowest possible price for Bitcoin is the $20,000 which is the 2017 Resistance.