Uncertainty in the cryptocurrency market.

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Avatar for Donkzang
4 years ago

For many days, the cryptocurrency market in general, has suffered a significant drop in its values, for some it is an opportunity to invest more in different digital assets, but for many it has been a cause for panic, for witnessing that their investment has come decreasing to much lower figures, thus causing much fear and uncertainty in the face of what may happen in the next days, weeks or months.

With regards to that uncertain future of altcoins and BTC, many analysts and traders have mentioned a possible fall of BTC towards $7000 or even towards $ 5000, but from my perspective and opinion, I do not think that happen. I think that these falls, I see them as a simple correction of the market, or also a shake of retail investors, in order to give others a greater opportunity to invest again.

At this time we already see a slight rise in all cryptocurrencies, but it is still the beginning of what could be a bullish rally, due to the fact that in most cryptocurrencies, they are in important supports. In this way, this would mean a boost in its value, by following the same history of what happens after the BTC halvings.

Finally, I must say that this brief analysis of the market, it is only how I see that cryptocurrencies can be projected, it is not an expert opinion, but it is still an aspect that we must take into account. Let's not despair because we find ourselves in losses, as long as it is not a compromised money, at any moment we are going to have a significant rise in the prices of cryptocurrencies in general. You just have to have patience and a cool mind to all market movements.

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At the moment we are already seeing a slight rise in all cryptocurrencies, but this could still be the beginning of a bullish rally

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4 years ago