We've seen the market in green for months now and for the first time, we're seeing a dip that feels like the type you'll normally see in a bear market. For three to four days we're still dipping and I'm not surprised. BTC tipping its previous ATH before the halving is not something we're used to and this would generally mean that we're going to see erratic happenings in the market that would seem entirely bizarre.
I think we've gotten used to these green candles for a while and we've forgotten that the market is still in ascension and not "there" yet. Look okay the emphasis on "there". This means hitting those price points that are worthy of profit-taking. At this price, crypto is not even half-ripe for profit-taking. Maybe some meme coins, or other fringe coins out there, but mainstream crypto is still consolidating.
BTC might have made it seem like we're finally there, but the altcoins are a reminder that we're still trying to get there. The funny thing about the bull market is that it doesn't just blow up good projects. It carries even terrible projects without substance along. It blows up even shitty meme coins, and when we get to this position, this is when the bull market proper is now established.
For now, only BTC is doing all the magic, and this is atypical of a bull market. This only means that we're nowhere near what we saw in 2021. Where Blockchain games like Anxie Infinity and Splinterlands made millionaires out of players. So basically, the market is still fragile, no price is certain and there's always a susceptibility for correction at all times.
The one we're correcting seeing only proves that there's still a lot of time to go shopping. BTC's correction took the alts crashing down with it, and this is typical of the market in the earliest stages of any bull market. However, it's not a time to panic. This correction is not only healthy it actually gives redemptive chances to people who are actually thinking that it's now too late to ape in.
I decided myself to go into the market and buy some Hive and this dip unintentionally presented an opportunity.
It's not anything grand, but sometimes, we often underestimate little buying opportunities and this is because we feel that they might not really matter, but the truth is that every buying opportunity manifests its usefulness when it's time to make profit. So we might still see 60k BTC down from that 73k we saw: maybe, maybe not. However, these things are not uncommon in the bull market. The thing is that BTC has shown the directions the Market by be heading in 12 to months and this is still a very long time to go shopping.
Interested in some more of my works
