Please guys, don't get carried away by the fud, here is a good analysis:
3 reasons why Bitcoin is struggling to rally above $28.5K 
It’s worth noting that the decrease in trading volumes may be attributed to major U.S.-based trading firms, such as Jane Street Group and Jump Trading, distancing themselves from the cryptocurrency markets ahead of May 2023. Bloomberg reported that the primary reason for this shift was “heightened regulatory scrutiny,” which rendered the market less appealing to institutional investors.
Source:
https://cointelegraph.com/news/3-reasons-why-bitcoin-struggles-to-rally-above-29kThere is a reading that I want to share, it is the opinion of someone who likes how he sees the market's approach:
Source:
https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-advances-to-6-week-high-as-new-quarter-sees-inflows/articleshow/104102651.cmsIt may indicate that the trend is going to rise, I had said here that Bitcoin could rise to 30k, there is no need to distrust or be such a non-believer, it will rise.
Other perspectives are giving this:
Bitcoin largely has defied the selloff in stocks and other risk assets this week as global bond yields hit multiyear highs. Bullish traders are hoping October can live up to its historic record as a good month for the cryptocurrency,
“We consider that the end of the US Federal Reserve’s current tightening cycle is around the corner, which is at least limiting crypto’s downside from current levels,” wrote Manuel Villegas, an analyst at Julius Baer.
Source:
https://www.barrons.com/articles/bitcoin-crypto-markets-today-dc325890I think this is going to go up, Bitcoin can go up and we are on the verge of it happening, it is time for some to buy.
