BTC dumped to 63k after the middle east bombing in Iran, and somehow pumped to 65k and now we're currently in 66k.
Since the new weeks are always green, I reckon we might see a potential 67k or 68k before we dump again to the 62k range. Basically the next 5 to 6 months is going be better full of dumps, and there's going to be a lot of pain and disappointment as well.
Bullish trap, may day!
This is that type of bullish trap that makes people think the market has bottomed, but like I said this is not a good time to buy anything. BTC might actually slip below 60k before the week runs out, it might happen before mid-March, but it's inevitable in March.
One thing BTC will not do is break 70k and stay there for a while. It might continue crabbing below 70k, but should begin to dump very soon. Also we might not even need a black swan events to get this dump, the market will slowly spiral.
A black swan event can still happen courtesy of Trump
However if we get another strike on Iran, Somalia or another one of those middle eastern countries, then maybe we'd get that dump faster. Trump could go on a rampage or tariff war or something like that and we dump really harder.
Also there might be an unexpected black swan event, but I don't see it happening. The point is that I think events like that will only fast track the inevitable.
HBD &HIVE
We've seen HBD depeg, and nothing is being done about that, The Hive debt too. It's not like we've not seen that debt rise in the past. I think it happened in 2018 or 2019, but the market was quite better compared to now.
The DHF issues continues to linger and again, the witnesses are doing absolutely nothing about this. As to whether we'd survive this bear and go on to do well after it, depends on what the witnesses can come up with.
These guys were vibrant and shipping cool stuff to the chain 5 to 6 years ago, but nowadays they're doing absolutely nothing and I just can't really fathom why.
As for shopping, dumps are the best time to become rich off crypto, but it also depends on the timing any now is a terrible time to buy. This is me being realistic and not negative.
No one should waste money, even if they're see going to be buying for cheap, they'll be buying for even cheaper in Q4 2026.
When to buy?
However if you already have some coins, you might sell some of them for stables, or leave them anyway.
However it's not just doom only on Hive, the market is an eye sore and no one is currently winning.
Everyone is holding on to their money because of the fear out there. We just need to survive the next few months. Again, just to clarify, it's no longer the bull market, the constant red candles proves it .