The crypto market has always been characterized by its two seasons;
a.) The Bull season refers to a positive trend in the prices of crypto assets for a prolonged time. It is known for its usual pump, and its ability to put a smile on the face of every Crypto trader.
b.) The Bear season is a period of prolonged and often volatile decline in the prices of nearly all crypto assets, It’s known for its usual dump, which we are experiencing now. It has brought a lot of questions from the lips of every trader and investor. The different questions on the lips of most investors are; When is the dip/bottom coming to an end? Are we seeing green anytime soon? Would the Crypto market ever return to normal? Is the bottom still far?
The 2022 crypto winter is not the first with the last occurrence between 2017 and 2018. Cryptocurrencies have suffered a brutal blow this year, with a reduction of $2trillion from its total market cap after a massive rally to $2.9trillion in 2021. We also witnessed Bitcoin reaching an all-time high of $69000 in November to an all-time low of $17,500 in June, leaving us wondering, Where exactly is the bottom? And When is the bear market ending?
Kavita Gupta, Delta Blockchain Founder, who has been in the industry since 2013 in an interview with CNBC, predicts that BTC might reach as low as $14,000 to $16,000. With the market sentiment analysis indicating extreme fear, increased interest rates by the Federal Reserve, and the Recession across the globe, which affects the stock market also, You would agree with me that the bottom is still far in the crypto market.
The important question is, Are you making use of the dip? What would be your reaction if a store is offering discount price on your favorite gadgets? Happy right? Your reaction to the discount, would be to rush down to the store quickly and take advantage of the discount prices. So why are you missing the discount prices the crypto market is offering?
Don’t fret, apply DCA and get your favorite coin!
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