Friends, I have come to you today with a crypto blog. Currently, the crypto market is turbulent and people are depressed in this market. And the only reason for this is that no one knows when it will happen. That is why crypto traders and holders are feeling hesitant, and because of that, they are afraid to trade.
Although the CPI data is supposed to be released today. If the points in the CPI data are good or the result is positive, then it will be seen that the market may pump. And if somehow the points in the CPI data are low, or the result is negative, then it will be seen that the market will dump again. And we all know that the market often fluctuates on the CPI data.
CPI data plays a very big role in the crypto market, which controls the market. And I have already said how it controls it, that if it comes positive, it will pump well. And the negative actually dumps it. And if it comes mixed or roughly equal, then the market will still be a bit in a rut because it will still be in a murky state. No one will be able to understand which direction the market is going.
Although the current market is moving bearish, how far it will go and when it will turn bullish again is also unknown. Although BTC has recovered slightly after the dump, the ultra coins have not pumped much and have not had a chance to recover. However, some specific coins among the ultra coins have been pumped slightly. Although that pump is nothing compared to the dump.
Actually, in the current situation, I think there is no other way for a crypto trader or holder but to be patient. He has to wait patiently because we all know and accept that the future will be good. Just waiting for time.
However, my prediction is that the market is more likely to pump after December and the ultra season is likely to come then. Although I don't know how likely this is to happen, I'm sharing this with you as my prediction. Anyway, I hope to bring a different blog in the future. Thank you all.