1
Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!
« on: Today at 02:16:52 PM »The market won't exceed 69k as maximum top it would go before this month of May passes because if we follows the historical data you would see that bitcoin doesn't go higher as expected after halving except after that very year of halving then next year we could start seeing changes above what was achieved before. So my overview of the market is that we would always see a position strength and at a time also be witness a decline meaning it would be sideways.Isn't the market going up again now, so I also feel that the decline after reaching ATH is a halving, it's not a bearish season. Many people are panicking when they see Bitcoin appearing to be struggling, but a correction will always occur before it actually enters the top bullish season which is predicted to occur at the end of this year or perhaps early next year.
A lot of investors are actually in panic right now, investors who do not really understand the bitcoin market dynamics.
Many investors believe that 1 month is more than enough for the effect of the halving to swing in, and since that's not really the case as the market has just hit a correction stage just as you've rightly stated, they're now in panic and afraid of the market outcome.
Just as you've said, the market is merely undergoing a correction phase, which is actually healthy and necessary because it'll allow consolidation of gains and also lead to possible price increase.