Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
It's been a few days since the halving and the market has been between pumping and dumping, but not much dumping.
There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.
The market has indeed been oscillating between 60 and 67k since it reached it's new ATH.
Well judging from previous cycles and market trends, we can say that your prediction of Bitcoin experiencing a pump towards the end of this year or the middle of next year is definitely possible. But let's not forget that the crypto market is very volatile and unpredictable, and past performances can never guarantee future results even when it appears there's every possibility of it taking the same route. So one should always be cautious when making investment decisions that concerns crypto.
Let's always have it in our mind that analysis and predictions are always subjective when it comes to the crypto market, so it's always advisable for one to always carry out his own research and before making any decisions that concerns your investment, it's important to also consider other options.