Bitcoin and Majority

23 янв. 2023 г.

What is happening with the market and BTC?

Most analysts claimed 12–10–9–5 thousand marks for BTC
Is it possible? — Perhaps.

But why is the probability of falling further complicated?
The story tied with FTX, Binance (CZ) and other personalities is like an artificial “Black Swan” in order to intimidate weak hands, instill fear and horror in market participants, and buy the right people cheaper in order to subsequently sell more expensive.
“When you are almost a monopolist, you are in charge of the market, not you.”

Everything was about the same in 18–19 years — scam projects, small exchanges, mass liquidations and bankruptcies of projects. Selling on the loys then changed to a short-term bullish rally in half-empty order books (Fall Correction).
History shows that the memory of kryptans is short, and many simply do not see that history repeats itself, just on a large scale.

Got fear?
Of course, well-known publications, personalities, television are already burying the crypt… Almost everywhere now there are negative headlines about problems with exchanges and the need for strict regulation. Crypto is no longer associated with profits, but with losses.
As a rule, the market does not reverse at the moment when people see a comfortable and profitable entry point. A reversal occurs at a moment when no one wants to buy anymore and most in fear and horror think only about selling.
Back to our global notation for the next bull market

-To date, the bearish phase lasts over 375 days.
In the 1st cycle, it lasted 413 days
In the 2nd cycle, it lasted 357 days.
Judging by the timings, the bottom is somewhere close, or already …
After each phase followed, the phase of accumulation, in which just we received a correction of the fall.
This is really the cycle of any market: Accumulation / Growth / Fall.
This is our opinion and may not be yours.
Will BTC cost 12–10–9–5 thousand, yes please, buy it at these prices too …
But unfortunately, many market participants who dreamed of buying it for 40–50 thousand dollars for 10 thousand dollars will not do this, because these are weak hands, it will be even worse for them.