the market is still stagnant at low prices, the last few days the price of bitcoin has not moved. I am worried because usually if the market is stagnant there will be a surprise that prices will drop suddenly.
Market is not stagnant as it has been moving consistently within a range for days now, and I would not consider that as stagnation at all. Just wait to see how retail traders react to breakout and then you will understand that there is actually nothing stable yet about this market.
Moreover, this is nothing new, considering that at some point in the market like this, we will always get to see that scenario in which the bears are either fighting to retain their positions or the bulls trying to take over, or vice versa, which is why we tend not to see some pretty huge movement most of the time in such cases.
the market is still stagnant at low prices, the last few days the price of bitcoin has not moved. I am worried because usually if the market is stagnant there will be a surprise that prices will drop suddenly.
And what is actually new? Market and price are looking more or less the same way for a longer time now. But I don't know how is that sign that price will drop suddenly.
Anyway, I think that many are having too much expectations from the end of the year, wishing for price to jump sky high but I don't think this is going to happen, not this year anyway.
No one even knows what will happen, whether it is this year or next, the thing is that in the end, there will always be that scenario that will get to play out the way the market wants it and for now we can just be patient to see what the market brings eventually.
Sure, there is no doubt that a lot of people are having pretty huge expectations but normally, i would not expect something huge this year either, and all I would just be hopeful for with a positive breakout now is to probably get to see it move to some pretty good level, and I would rather be looking more at next year, before expecting anything that serious.
