Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: JordanKing on November 28, 2022, 10:45:50 AM
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Since the FTX collapse has shaken the whole crypto market, made most of the investors lose confidence and create a liquidity crisis within the crypto market. This could surely extent the crypto winter till the last of 2023. It has been witnessed that after FTX filed for bankruptcy on November 11, most of the institutional investors in FTX had their investments stuck on the platform.
As per reports Crypto winter may be extended indefinitely due to the stock market nearer to a bearish fallout. Here, the platform speaks about the whole crypto market that has been concentrated under bearish pressure, because both bitcoin and the altcoins have dived towards the lows. Also the Nasdaq or share market on which the crypto markets are co-related highly, are expected to undergo a bearish divergence that could increase the chances of a crypto market crash shortly.
We can see that Bitcoin(BTC) price is trading around $16K for a very long time because the volatility is diminished largely. It has been believed by many sources and reports that BTC price may see fresh rejection as an increase beyond $16,500 seems to be not feasible in current times. In addition to this bTC is testing the crucial support levels across $16,100, below which the price may head towards the yearly lows near $15,500.
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It's not really as bad as some people think. Similar problems that happened with FTX happen periodically and this will happen again in the future. Prices in the market fall for a while, but then recover. So it will be this time. It is unlikely that because of this case, the crypto winter will last until the end of next year. Market recovery will happen much faster. Analysts say that bitcoin is now almost ready for the bull season and that this time it can rise in price as much as $110,000.
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The probability of the crypto winter ending is not visible to as many people that are following the market movements everyday, and with the current situation, where there are no volumes to boost the price up trend, plus the FTX collapse and others, I think that the crypto winter is far from been over. The crypto winter in my opinion is moving to 2023 and i think the bear is holding very strong.
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I am sure I can really feel the bearish surrender of the market right now...mostly because we are witnessing the fallout from the FTX collapse which is now spreading to other platforms that got fooled by Sam Bankman-Fried with his appealing promises and posture. Definitely, no one can predict when is this bearish era can be ending...and there is a strong possibility that the 1st quarter of 2023 will still be dominated by weak demand of cryptocurrencies and boring trading volume hence there is a lack of excitement by then. Though am really hoping that my own vision will not be coming true.
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Yeah, we will see long bearish.
As you said crypto winter will extended, it will continue until 2024.
We will see the bullish at the end of 2024.
that's my prediction.
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Yeah, we will see long bearish.
As you said crypto winter will extended, it will continue until 2024.
We will see the bullish at the end of 2024.
that's my prediction.
I agree with you, I think bullish will happen at the beginning 2025, or maybe at the end of 2024.
If OP said bear market or winter will extend , I think It will be.
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As we know, bearish will happen 2 or 3 years until bullish while bitcoin halving.
that's normal.
I think long bearish as many people prediction will happen.
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As we know, bearish will happen 2 or 3 years until bullish while bitcoin halving.
that's normal.
I think long bearish as many people prediction will happen.
Cryptocurrency has repeatedly demonstrated that there are no pre-established patterns and rules for it. It is believed that once every four years, thanks to the Bitcoin halving, the cryptocurrency market rises very high in terms of price. Yes, so far it has been so, but we cannot say that prices will continue to rise with such a frequency. Demand and supply are influenced by specific actions of people, and people do not always act according to a pattern. Therefore, I think that the bearish cycle will end much earlier than 2024. Negative news always has a short-term effect on the market.
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It is possible that the crypto winter will drag on and will be very long compared to the last one, but someone will not tell you for sure, even the most famous traders. Let's hope that this will not last and the market will start to grow well again.
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Yeah, I think you're right, the bearish trend is going to extend, and probably peak around early 2023. But I always believe cryptocurrencies are gonna bounce back, and subsequently reach some all time high record. But all in all, hodl
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At this period of the year, December 2022, it obvious that the bear run is very strong, and without any doubt, crypto winter is proceeding into next year, 2023. Just like certain experts and analyst has predicted, Bitcoin/altcoins may continue on the current bearish movement untill Bitcoin hit the bottom, and we may be far from BTC in hitting the bottom.
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At this period of the year, December 2022, it obvious that the bear run is very strong, and without any doubt, crypto winter is proceeding into next year, 2023. Just like certain experts and analyst has predicted, Bitcoin/altcoins may continue on the current bearish movement untill Bitcoin hit the bottom, and we may be far from BTC in hitting the bottom.
Sure, I also believe that we might not be at the bottom yet for the Bitcoin price so we might still likely see a drop below $15k and the bearish market trend might stretch out into 2023. I don't think we have really seen that accumulation stage, all this and some chat analysis prove the bear market is still very much around.
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Yes, it is going to go long imo, especially with different crypto scams appearing on the scene. Things definitely look bleak.
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Yeah, I think you're right, the bearish trend is going to extend, and probably peak around early 2023. But I always believe cryptocurrencies are gonna bounce back, and subsequently reach some all time high record. But all in all, hodl
Usually, at the end of the year, in its last months, we observe a trend towards an increase in the price of bitcoin and other cryptocurrencies. But that didn't happen this year. This is one of the signs that the current crypto winter could really drag on. In any case, in the first few months, it is no longer worth expecting a good price growth of the cryptocurrency. And what will happen next, no one really knows. Let's hope that everything will be fine with the cryptocurrency market next year.
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Perhaps this is due to the New Year holidays and many investors, including, stop trading or trade little, withdraw their funds to buy gifts to their relatives.
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Oh yeah, 100% true. I believe there are a bunch of projects still on the market. For example, ReduX converters are green energy products which works on reducing CO2 emissions and presented in cryptocurrency by their utility token $REDUX
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I wonder when it will become really interesting to someone)