Everyone of us might wonder whether Bitcoin will move up, down or side-wards within the next days and weeks as this will mostly determine the trend for the whole cryptocurrency market. Of course there might be some exceptions but in general the market still depends on the Movements of Bitcoin itself (IMO).
After the recent huge rally up to $20k USD and the crash just after it to values below $7k USD it´s not quite clear yet, whether we will enter a bullish market again, stay bearish or move sidewards for some time without any major breakouts up or down. So like in every other market the million dollar question is which direction will we go?
I´m no technical analyst and definitely won´t give any financial advise on how to invest but my feeling is telling me that we´ll be moving side-wards for some weeks with some smaller moves up and down. Too many people got hurt in the recent crash in my opinion so that they won´t go all-in right away again but rather watch the market first.
Nonetheless the world saw the huge potential of Cryptocurrency and the values they can reach so that we might soon see another rally anyways whenever the masses get hungry for fast profits once again. Bitcoin experienced this many times before and I strongly doubt that it´ll be different this time.
Anyways, please stay safe out there while you´re looking for some lows to accumulate more coins or diversify your investment among different tokens. Do some solid research and don´t invest in any projects without a real purpose, product or use-case!
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