What if the price of Bitcoin gives us something very weak, like the expectations of the up coming halving let's say we're expecting a higher price and by next year we start seeing Bitcoin price dropping very fast to maybe $30k or $28k?
We shouldn't have too much hope on the coming halving, like is suppose to be but what if things doesn't go as expected?
$35k is really difficult to stay more than a day and it got me thinking that this first week of November won't give anything more than what we're seeing at the moment.
We have every right to expect halving because history has shown us that, and we need to be optimistic about our investment. But we also need to have plans for bad scenarios if the bull season does not take place and this is part of the investment risk that we should not ignore.
Bitcoin hits $35K and brings profits to short-term investors, and its correction, I think everyone can predict. I'm also waiting for a correction to happen instead of expecting bitcoin to continue rising, I'm holding USDT and waiting for bitcoin to drop below $32k
.
There's no way that people wont really be ignoring those possibilities considering that we arent blind on what happened back in the past on which it would really be just that normal that we are anticipating for it.
We do know that this market is truly that unpredictable and there's no way that we could really be able to tell on where it would be going as if this one is always been that unpredictable or random in the first place.
We are know moving sideways on 34k+ price price and trying out to break that 35k which we could really be that say this is really indeed a resistance, once it would break then
expect that 40k would happen in no time.
This is why it would really be that varying on a certain trader on what are the actions that he/she would made, considering that its never been that
too easy to know on where prices could possibly go.