Start of another bear cycle?
Crypto market is always unpredictable and even an expert can't say correctly about market movements. Few weeks ago #bitcoin was trading above $70K and now you can see its price. Similarly other altcoins are down to its all time low.
If you take a look on #hive you will see how its price come down without taking any rise. Its really sad to see our beloved #hive coin even down to its 52 weeks low.
This is the case where investors are now scared about their investments and they are looking for better decisions.
In this post I will share my review about #Bitcoin price and other altcoins price. Is it really a good time to invest or must wait some more? Should we hold our holdings or should sell to protect from further losses.
Many investors are thinking that this is the start of another bearish cycle, I will simply say no. Bull season has not yet started. The first phase will enter very soon.
For the time being institutions and large companies are interested to buy in #Bitcoin. That is why BTC dominance is increasing day by day and that is the reason of altcoin dumping.
Whales are looking to buy more bitcoin at lowest rates and that is why they are manipulating the market.
Trying to create panic so that we and you sell our holdings and they continue to buy. This is absolute that every one wants to buy at cheapest price and the same do whales and institution.
There is nothing to be panic but tightly hold your coin. Sooner #Altcoin season will start.
THANK YOU!
Posted Using InLeo Alpha