Hello, greetings from this side of the world and welcome to my blog. I deem it such an honor to share my thoughts on an interesting topic being led down by the Hiveghana community. This topic has to do with our predictions for the crypto market in the next few days, months, years, or even decades. I am very interested in crypto, have been a follower for a couple of years now, and have acquired some basic knowledge on how the crypto market works. This is what actually drew my attention to this particular topic. The crypto market is a different world altogether. For an individual to be able to predict the crypto market, there are basically two things to look at.
Firstly, T.A., which stands for technical analysis, is the trend in the market over a period of time. This can be done by carefully studying chart movements in order to be able to predict whether there is going to be an uptrend or a downtrend, and even to what extent. Technical analysis is used by almost every trader to predict the crypto market. A trader needs to know what happened previously to be able to predict what will happen next. There are lots of technical analysis tools, like Heiken Ashi Candles, MACD, and the rest.
Secondly, F.A., which means fundamental analysis, is another way of predicting the crypto market. With this method, all you have to do is look at the fundamental basis on which the market can be changed. These can be the financial state of the crypto coins on the market, the liquidation level within a particular time period, the number of holders or transactions ongoing, or any new move by a whale or prominent individuals involvement. Sometimes, even the involvement of a celebrity can trigger a change in the crypto market. Using Elon Musk as an example, we all recall how his involvement in crypto some time ago changed the whole market trend, from which Doge and Shibba holders benefited the most.
Taking into account both methods, I strongly believe there is going to be a bull run in the crypto market within the next year. This is the reason there was a pullout from the market by Elon Musk and SpaceX of about $369,000,000 within just the last two weeks. Making them a major player in the liquidation of $739,000,000 from the crypto market within just 24 hours. I believe this means lots of whales have also backed out of the market. This has given the crypto market a strong support level. Over the week, BlackRock also pumped in $3 billion into Bitcoin, and this means there is stronger support.
There is also a Bitcoin halving about to happen in a couple of months, which will definitely be next year. This means Bitcoin will skyrocket, causing altcoins to follow in that manner. It is going to be massive. Hence, there is going to be an uptrend in the crypto market next year.
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