Two months ago, BTC was sitting pretty at 80k and was looking like it was going to explode, but I actually wasn't buying it. A lot of people was longing it on perps and think the next stop was 100k, but I know this wasn't the case and two months down the line its (BTC) threatening to go down that go below 60k just like I predicted.
A lot of folks FOMO bought it at 80k thinking it was going to start pumping from there, but unfortunately it hasn't. If there's something I've learned about crypto (not just BTC) it is that you need to be negative about the market even if it's looking bullish at a present or given time.
This allows you to prepare for the worst first before you can expect the best. However you don't get to learn this except you've been burned a couple of times, not once, not twice, you'd have needed to learn it multiple times and then experience the consequences of that mistake before you can be wiser.
However this doesn't mean you need to be excessively negative about the market without studying patterns, understanding history and having a little non-sentimental point of view/knowledge of the market.
Even the best of people can be wrong about their acessment, but it's always better to prepare for hard times and then get good times more than preparing for hard times and then getting burned
. Again, no one teaches you this, you don't learn it from Twitter, Hive or anywhere on the Internet, you basically learn it from your own convictions and experience, pains and regret and the good thing is that up to 80% of people in crypto will make these mistakes, so you're not the only one.
Going back to BTC price, I think the bottom should be in the 50k range, and if there's a worse case scenario then than dump to 45 to 48k is very much possible.
This will be like an eternal 20% dump, which is not impossible. However, I don't know yet if this is going to be a slow bleed, or maybe bleed very fast.
However I think if it's a fast bleed then maybe the dump to the 40k range is actually very possible, but if not, perhaps we can see a bottom in the 50k range.
Technically I expect a bottom by the end of Q3, and probably that will be the best time to buy the cheapest crypto whatsoever. If you're planning to buy anything, I think you should wait till the end of Q3 or somewhere around that range.
The dump is here, and it's been a very fast bleed for the like 2 weeks now. I'm I happy with my predictions? Absolutely.
Without sentiment analyzing crypto becomes better. In my mind, I already have a logical acessment of the crypto market: Hive, BTC and others, so armed with this knowledge all I'm currently doing is actually to wait and Hope. A lot of people still don't know why this dump is happening; it's simple, we already predicted it would and it's only logical. What was your prediction so far?
