The market keeps testing downwards again and again. Yes it keeps recovering, as it has done again today. I keep thinking at some point the momentum will shift and we will see a break upwards... but there has been no sign of this at all. I do expect the next break to be downwards because the pressure in that direction is just remorseless at the moment.
The market is still very volatile and has not been able to sustain the uptrend for a long time so the risk may occur at any time if you choose to trade during this period. I only encourage people to invest in the long-term to ensure better returns because it's the safest way to make a profit in the bear market. Looking at what's going on, it's hard for things to work like 2017.
Personally, I hold 90% of my assets in Bitcoin and will wait until the coin's price rises again. Of course, I will have to wait at least another 5 to 10 years before any other changes occur in this market.
I seem to see a lot of you saying the market is collapsing and not going anywhere. But, do none of you remember that just back in January, the price of BTC was below $4,000? The price has actually been trending upward all year long and looks to continue doing so. All will be fine. Don't panic!
its because most of people are in a loss
and altcoins really are collapsing
they showed some life few months back but most of them collapsed even more.
so people think that the market will keep collapsing forever
its just the psychology of people
when market is positive they also think that it will go up forever ...
good news are if everyone is pessimistic, its a good sign
