Bearmarket?

Well then,

It happend: Bitcoin's important level of 40K got crushed which broke market structure so then technically we are in a bearmarket right now. What are you guys thoughts on the overall direction of the market on the next coming months?

Me myself are mostly in fiat right now and i have sold a lot of my cryptocurrency but still holding some amount as well.

 

You’re right that bitcoin is in a bear market. I believe that the cryptocurrencies bubble finally burst, and that they will level out at their true values.

For bitcoin, I believe that is between 10-20k per, but who knows because 2 years ago, it went down to 4k

 

Personally i believe in the bitcoin stock to flow model and its 4 year cyclus. I feel it is going down from here and it would be a great period to start accumulating again before next halving when most likely we will see another great upswing for bitcoin and altcoins. Especially going to be stacking some altcoins like ADA (cardano) when they are hitting very low numbers.

 

I expect BTC to drop around 11-12k before turning around and going to 100k. What's likely going to happen is that all the garbage NFT's go to 0 and people stop putting money into them and invest in crypto again.

 

I mean, crypto was garbage back in 2012-2013, but now look at it…

 

we have alot of bears in slovenia