Are you prepared for newer lows: November ended with the bears as well.
Hello Hive
Most times I look forward to the start of a new week, which may not be a guide but somehow you get to see some notable movements.
And just like that we have noticed this overturn just about 3hours ago the market makes another down turn.
Further dips in price which we are expecting to experience newer lows with BTC predicted to sit at either $12k or even $10.
We could as well see hive performing around $2.5 or even below this price if the bear market persist into the end of the year.
Occasionally the year often ends either way, Bull market or a bear.
The year 2020 ended in a bull where we saw the last ATH before the May crash in 2021 where prices came down, some well expected a newer high pledging at a $100k BTC or that predicted mega bubble for last year, which never held but instead we had the further dips flooding in until this time.
By now everyone should have adjusted well into the bear market and I shouldn't expect to see any more panics regarding these newer lows.
But as against expecting newer low, it is likely that we are hoping to see the bear market ends very much quickly even as the year is coming to an end and a recovery pattern begins soon enough.
Since the market has a remarkable history of ending in a bull or bear market.
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It's times like these I wish I had some spare dollars to buy the dip, at least a little!
Me too... But we can learn from. Henceforth
Probably if the BTC reaches 12k, I hope it will not be so fast, because there are still many economic problems and that can drag more fall.
The truth is that the price has already fallen a lot, there is little volume in the markets, nobody wants to buy and that indicates that we are approaching the floor.
Then will come the rebound and the recovery of the new cycle.
That's totally true.