Bitcoin Bull Stuck In Between $22,900& $23,200
The reality of a digital financial market or asset is thé aspect of Price change, today’s bull Price could be tomorrow’s bear price, and today’s bear Price could be tomorrow bull price. In 2018, the all time of bitcoin was $19k right, but in 2022 when bitcoin got below $20k we all screamed and cried about the bear run. That is just the reality of the financial market.
Today we are having the same experience again, it’s all psychological. Just a month ago, thé Price of bitcoin was between $17k and $18k we were scared that the price might just mess around and go below $10k, even though we try to see positivity in that, by saying we will still buy the dip, I still feel that we were all scared sincerely. Screaming “Buy the dip” is just another coping mechanism we use to feel good or stay calm when the bear market comes dipping through our pockets.
In a space of 30 days, Bitcoin has added $6k in its price, and we are all feeling happy, but this happiness last for how long? It’s just going to be a matter of time before we start getting bored of the price and won’t be feeling too special about thé mini pump. Like I said it’s psychological. We have been here before, we pump, we dump, when we pump we appreciate the price, when it dumps, we cry about the price, even though the price we are celebrating was once the price we cried about. This is why some people feel that this might just be a bull trap, but no one knows?
We all know that other cryptocurrencies rely on Bitcoin’s price, which is great, but while bitcoin is making a 10% some are making 100% or 200% pump, just like what Aptos did, it’s left for you to strategize where your pump is going to be on. While some people choose bitcoin for security, some choose other coins for more money. You will make more money easier when you choose low cap coins or lower cap coins than with bitcoin, but the risk there is, Bitcoin is more secured than those coins. It’s easier for those coins to go to zero than it is for bitcoin, Luna showed us Just how possible it was.
Posted Using LeoFinance Beta