Hi hive friends.
Hopefully all of you are fine. If we look at the market, for the last few days we see the market standing at the same place and whenever such a scene happens, we all know that the market is coming down. And the way we've seen the market hasn't gone down since it went up, and there's been no kind of retest within the market.
Looking at the last 24 hour chart, the way we see it, the market has only given us a $300 trade within the last 24 hours. If it stays that way for a day or two more, then we'll see more chances that we'll see it come down. Until the market falls below $25,000, we cannot say that the market is bearish.
Even within it, we do not see any significant change today, but for the last few days, we do not see any significant change, but it is standing at one place. The way we are seeing the market going at the moment is not good news for the market at all because if the interest rate is higher within the next month then the market will see us further down.
A 24-hour chart as we see it hasn't traded a single cent within twenty-four hours, so new investors aren't coming in at all yet. The way we see it, the 39-cent support has been holding up pretty well for the past few days.
Due to Bitcoin's stagnation, the way we see it, we are not seeing any significant increase or decrease in its prices. It has also come to a standstill because some people there are those who convert bitcoins into dollars and then buy bitcoins again. The way we all see the economy of the USA is going down.
Also, if you look at it, how many days it has stood above 48, it neither goes down nor goes up. If it goes up, we will see the rest of the market, which we see a lot of downfall in altcoin. It will come because people are currently putting all their money into Bitcoin. At the moment, they are scared and therefore they are not taking the risk at all on their money.
