I would be giving a lot of round thoughts and how I feel, including how other people on Crypto Twitter feel based on my research so far. Honestly, I must say that a few days ago when Bitcoin went below $19k to $18k for the hundredth time or even a thousandth time there was a lot of panicking in the crypto market and on crypto Twitter as usual as a lot of people thought the worst was about to happen and had already started predicting that Bitcoin was heading to $10k and below.
These kinds of prediction are no longer new to me because it happens anytime Bitcoin dips to the $18k support level, so I just watched to see how everything would play out and now Bitcoin is currently trading above $19k again, although it is still dangerously close to the $18k support level and this is crypto anything is possible, the price of Bitcoin can either continue pumping up and go higher than it is now or drop below $19k again and all hell will break loose for someone people.
But like I just said earlier anything is possible, but due to the bad macro outlook, many people think Bitcoin is more likely to drop in price meaning that Bitcoin will perform worse than good. For me, that is just people's opinion it might play out or it might not but God willing we will be here to see how it all plays out and would be ready for what comes next and how to handle it properly without losing our cool and reacting to the crypto market condition emotionally.
In the same way, many people did not believe that the last bull run was going to come to an end or be over, even when Bitcoin dropped from $69K to $40K and below, they held their coins and got rekted but I would not necessarily say they were rekted if they can HODL until the next bull run because I also have some coins I bought around the time Bitcoin was in that price range above that I am still Holding until the bull run comes again.
So like I was saying the same way people did not believe the bull run was over until it was very obvious is the same way a lot won't believe that the bottom is in until they will enter the next bull run without buying anything during this dip and end up regretting it as the crypto market will be pumping and those who bought now will be cashing out. Do the right thing for yourself and your portfolio.
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