after the fud before the fed meeting (which actually turned out fairly positive) as well as unemployment rates and cpi readings having no real impact on crypto price last week, my thoughts are that btc’s 10-15% move downwards of recent could be the last time we go so low. It was a deciding factor in my view that confirms we are/have been in a bull market all along and big institutional investors are taking the cake while paper-hands sit and wait.
Therefore due to the lack of any real news plays bringing price lower I’d say we have room now for an Xmas rally.
Statistically the Christmas holidays is the time for retail investors to step in and to convince their families to do so also. why leave that inheritance money sitting there and decreasing in value when btc has moved up 150% this year? To compound on top of it we have etf news (potential fud but outlook is good) followed by the halving early next year – who knows if btc will ever drop back into the 30’s again?
From what I am seeeing the sentiment is no longer bearish and, while I feel sorry for those who were too afraid to invest during the lows of 2022, now is a great time to get in and look forward to some gains.
this is not financial advice btw just a researched idea.
submitted by /u/mistercheez2000
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