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Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!
« on: May 17, 2024, 04:19:24 AM »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.