Bitcoin performance was going very well. It broke its all time high of $69K. Then I thought that maybe it would go up to $75K and then come back down and altcoins would run. Altseason will start but the momentum for bitcoin continues.
We saw that Bitcoin showed very strong performance and kept making new al time highs and its last price level was around $125K. This is the highest record yet.
After this many investors thought that a heavy altseason would start from here but that did not happen. Bitcoin took a correction or changed its bias and became stable around the $90K level.
Even after good news from the FED, altcoins still did not move. Dominance is not coming down. It feels like the altseason is dead or has been canceled.
Investors are completely disappointed. Almost everyones portfolio is facing about a 70% loss. All charts are wrecked, developers are silent and the hype is gone.
This is the current market scenario but keep one thing in mind that the more pain there is, the more opportunity there will be. These are the moments when bottoms are formed and wealth is created.
For smart people, a hint is enough…
THANK YOU!
