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Bearish
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$USUAL
. After a good run I believe it's due for some correction.
#USUALSpotPrediction
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Christmas came and gone yet $BTC holding steady. So far no bloody Christmas which is not normal in crypto. Still trying to figure out where the market's going !
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lol
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With only two days left for Christmas one thing is almost certain to me. $BTC is gonna bleed for a couple of weeks. May be to 78k or 83k. Several factors point to it. I would stay unbiased by saying that I don't hold a short position for Bitcoin yet. 1. $BTC chart overbought in weekly and monthly timeframe 2. FEDs hawkish interest rate intention in 2025 3. Bitcoin history in the previous bull runs. After making an ath it ends to undergo a correction lasting weeks. 4. All major alts overbought in monthly timeframe. 5. Fear and greed index still in greed 6. Whales wanting to get better long positions anticipating a rally upwards 7. Futures gap at 78k and btc always fills the remaining gaps. 8. Trump's inauguration and the drama surrounding it. This coupled with no major political statement by any elected stalwart. 9. People cashing in before Christmas and new year. 10. Low volume and market cap of entire crypto market than a month ago. My assessment may be wrong or maybe don't have the entire information. If anyone thinks otherwise or has a solid argument please do share with me. Better to be educated than stay in the dark. Maybe I am missing something. DYOR and trade wisely. #ChristmasMarketAnalysis
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you forgot to mention target price 3 = 100,000$
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Those who are new to crypto or undergoing their first bull run should understand that these pullbacks or sudden drop in prices are normal. This is not new & has happened in every bull run. Now is not the time to doubt whether crypto is for you or not. Stay focused and remind yourself of the reasons why you're in this game. Set a daily realistic target rather than lofty goals. If you expected a particular coin to go to 1$ then 2 and then 10$ you were wrong. DYOR and don't believe every johnny who tells you O this coin is gonna go to the moon. #MarketPullback
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