canva thumbnail

Where does the crypto market go from here?


Where does the crypto market go from here?

In today's article, I'm going to discuss with you my readers where the cryptocurrency market goes from this current moment. As we all know the cryptocurrency market has dumped significantly over the last month. I cover why in my previous article so click the link and read the article to learn more about why the market crashed. But before we get any further I just want to state that none of this is financial advice and that it's just my thoughts and opinion. So with that being stated let's get into today's article.      

Another potential dump

Since the end of the dump, we have been trading sideways with bitcoin (Which indicates where the crypto market is moving) leaving many to believe we are seeing the end of the bear run. However, I would like to state that it is still in the range of possibilities that we might see another dump. How big of a dump I'm not one hundred percent sure to be quite honest. However, It's possible and this is the possibility I'm betting on the most happening is we come down and test the 24k-25k resistance point. So prepare for another sell-off to come within the next couple of days or weeks.  Screenshot%20(98).png

 

Ethereum Merge

After this dump, the next significant event to come to crypto to move the market is the Ethereum merge. Ethereum's Vitalik Buterin says it's highly likely that the merge comes in august. This leaves plenty of room for the dump to happen I wrote about earlier. However, this merge isn't one hundred percent confirmed yet as it's been pushed back before. If this does happen we could expect some more selling off to happen. However, I doubt this will happen which leads us into the next sub-topic.   eht%202.0%20merge.jpg

 

The outcome of The Ethereum merge

Once the Ethereum merge happens one of two things will happen to the cryptocurrency market. Once the market either crashes or two we enter another bull run. Now let me explain one real quick why this could happen. So to start if the merge doesn't work as intended and doesn't come out smoothly then we could see more sell-off, and the reason we could see that is now retail is losing hope in the market. If the Ethereum merge doesn't work as intended or planned retail is likely to lose faith in the majority of the crypto market. I doubt that this will be the case though. It's likely the merge will roll out smoothly and work as intended. This will bring back public confidence in the market especially amongst retail investors causing yet another bull run.   eth%20merge%20outcome.jpg

     

My Final Words     

If you enjoyed the blog leave a like and share it on social media. Leave me some feedback with your comments to let me know how I did. Let me know what you liked and what you didn't so I can improve the blog. All your likes and comments are deeply appreciated. They motivate me to write more and better blogs and help me expand and help spread the word. Make sure to follow the blog to stay up to date. You can also follow the blog's Instagram where I post daily content as well as letting people know when my new blog post drops and I also give out my crypto trades on there. Then there's also my website where you can put in a submission form to let me know what topics you want me to cover along with other things such as referral codes and affiliate links. Thanks for reading hope you enjoyed it. 

Follow The Blogs Instagram

   

Link To My Website

How do you rate this article?


12

0

Jack216
Jack216

I am a blogger dedicated to writing about passive income and crypto and just making money online in general


Jack's Passive Income and Online Blog
Jack's Passive Income and Online Blog

My blog is dedicated to helping others achieve making passive income and to help those who are lost when it comes to making money online and achieving passive income make sure you follow the blog like and comment and if you found the blog helpful just share it and spread the word please every bit helps and goes a long way anyway socials and other blog pages can be found here https://sites.google.com/view/jackspassiveincomelandingpage/main-page?authuser=2

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.