Tepeto News

Is this a trap?

Is this a trap?

9e5aa539ca9b17b38963dc8655c034ed5cab993e2305d35283ac57f0cd6c242a.jpg

The cryptocurrency market continues with more uncertainty than ever, we have gone from last week's panic to starting the week with a big rise in the market. In which some coins have risen more than 70% in a matter of days.

But can we really say that things have changed from one day to the next?

There are those who see similarities in the current situation with what we already lived in 2017 when bitcoin plummeted more than 50%.

Some analysts say that we are facing a false bear market and that after this great correction, little by little we will resume the uptrend, to see a big rise and see new all-time highs.

On the other hand we have the opposite, those who say that the worst is yet to come and that we are facing a false recovery, anticipating that the price could fall to $ 20,000 or even $ 10,000 in BTC.

But what could really happen?

My personal opinion is that it is true that we have seen the biggest drop in history, not in percentage but in quantity, of more than 1.3 Trillion dollars.

Also although we have seen a slight rise, we still have BTC far from $ 60,000, Ethereum from $ 4000, and coins such as Binance Coin (BNB) that were close to $ 700 or Cardano (ADA) above $ 2.

But all this is not a problem but an opportunity; the projects, the technology and the developers are still there, so personally I think it is a good time, an opportunity to continue investing with head, in a staggered way to be able to take advantage of the increases and obtain benefits when reaching reasonable objectives.

The current situation continues to be bearish, but everything can change at any time, so you have to act with caution and without being carried away by euphoria.

How do you rate this article?

13


Tepeto
Tepeto

Crypto Trader and animal lover. Trying to know more than yesterday but less than tomorrow


Tepeto News
Tepeto News

Cryptocurrency news & Market analysis. All my post are not an investment advice, we are here just to learn together

Publish0x

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.

Page not displaying correctly?