Monday Market Musings are here again.

Let's make time for a weekly dose of crypto musings. We can say that we had a nice week last week, at least if you talk about many cryptos including Bitcoin, Ethereum, and various memecoins. And then the thought of HIVE also occurs to me, because HIVE has disappointed me a bit so far. We did climb up a bit, but it's so minimal that it's not even worth mentioning. And for the time being I see little hope for change in that. Hopefully, I'm wrong and HIVE will also shoot up even further...

Missing The Excitement Of The Past

The most special thing for me is that I barely noticed it all. I've been so busy with so many other things that I completely missed the "Thrill" of the new ATH. And although I have been online every day and looked at Discord, I have not seen the excitement of the past there either. Where in the past, in times like this, people fell over each other with enthusiasm, it is now all downright tame!

The market has been moving well last week and I think we all heard that Bitcoin has set a new All-Time High. It is not surprising that red candles are being produced again today. Bitcoin slumped and pulled the rest of the crypto market with it. But this happened after the highest weekly closing ever. And we know, when Bitcoin dominance is high, altcoins always lose more when Bitcoin falls. We are not yet in ALT Season, that much is clear. I'm curious whether the excitement of yesteryear will be noticeable again in the HIVE-related discords.

Bitcoin's journey over the past two days has been quite eventful. It traded sideways around $68,500 on Saturday, before skyrocketing to above $69,000 overnight. Yesterday afternoon it almost touched $70,000. And well, then came the plunge, after which the price briefly fluctuated around $68,500, before rising sharply again to $71,400 at the time of writing.

What Does the Future Hold for Bitcoin?

Despite an earlier dip, each dip still appears to be eaten quickly, keeping all eyes on Bitcoin's next move. Bitcoin has resumed its upward trajectory and entered the liquidity zone above $70,000. Because this new ATH happened before the halving in April, it is difficult for many to predict what Bitcoin and crypto will do next. We are in uncharted territory! And that also makes it difficult to predict how this bull market will proceed. It makes it difficult to estimate a good strategy and what we should pay attention to. Many people have aligned their plans with previous bull markets, but all the cards from those previous bull markets have become practically worthless in this new situation.

The crypto market has changed due to the influx of ETFs, that much is clear. But that also makes it virtually impossible to predict what will happen from now on.

Some Last Words

We all know the feeling of a rollercoaster, and every day in the crypto world can in some way be compared to a roller coaster ride. One roller coaster goes fast and has really deep dives, and the other is a quieter slower train. HIVE can often be compared to a slow train, but let's hope that HIVE will also get its moment in the spotlight in this bull market. HIVE is known to be a slow starter. I just don't dare to predict HIVE at the moment where a possible top could be. Do you have any ideas about that? Let me know! I am very curious.

Then lastly, we must remember that in the world of cryptocurrencies, every fall is an opportunity, and every rise is a reason to rejoice. Stay careful, don't invest more than you can afford to lose, and don't forget to take your profits! It's so easy to think in a bull market that you won't take any profits because you think you know for sure that everything will rise even higher. DCA IN is a good way, but this certainly also applies to DCA OUT! It is a good way to make a profit and in a possible dip, you will have something to invest for the next run-up!

Disclaimer: This blog is not financial advice. You are responsible for your investments, so you should do your research before making any financial decisions.