My Btc Prediction

in #btc2 years ago

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I honestly think we might be heading into a bear market. I'm not buying right now. I think we will see much better prices on everything in 2022. There's is a lot happening in traditional markets too. Btc has never seen a traditional market crash, last year was the largest bull run in history for btc's whole life. When the markets dump, cryptos most assuredly will too. I know most of the crypto community is still bullish but my advice would be to be careful and take into account the possibility of btc dumping 80-90% of its ath. Everyone was just as bullish at the begining of the 2018 bear market.
My estimation of the most probable scenario is something like: One more bigger dip for BTC heading to about 23k, start grinding there, probably small timeframe dips lower 19-20k but not closing weekly under about 23k. Altcoins will continue to suffer during the summer, slowly btc consolidates and wide range area trading like 27-32k end of summer - september or so and after that everything is pretty much ready for the up we go-phase. Shortly put: I think this summer will be premium time for accumulating, reap the benefits later. Hive and other altcoins will probably go lower but not much and will bounce hard in the next bull market.
Everything can happen in financial markets so I can be wrong and these are just my btc and other altcoin predictions.

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