Greetings to all readers of this great platform, especially to those who make life in the great community of #LeoFinance, in the present opportunity I want to share with you personal opinion information about the crypto market, to talk a little about its movement that seems to be static and could be considered to be waiting for some fundamental that alters the market or some investments that help the recovery of the market.
 Screenshot taken at: PixaBay |
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It is really not the first time that we see a paralyzed market, without strength in any direction or big movements, which indicates that it is waiting for something to happen that will make the market move in a big way in some direction, either to recover some value or to continue falling, a situation that is a little difficult to know at the present time without having market strength, high volume or a consolidated movement, so it is best to wait a little.
It will not be the last time we see the market totally static, it is a normal situation when investors are not clear what to do at the present time, what should we expect? Usually this zone moves either because of a fundamental news that may affect the market price, really hoping that this is not the scenario that is going to happen, or because of the lack of investment attraction and excessive sales by investors who currently own BTC coins.
The good or positive part, we are going to observe if a little more investment enters the market, there is a considerable increase in market volume and thus consolidates a movement, usually bullish, which will help us to consolidate an area a little higher in the price of BTC and continue with what is considered the accumulation zone between 18k and 23k of the BTC price in the current market, so sometimes staying still may be the best decision to avoid falling into an unwanted red sea.
The time it has taken for the current bearish cycle is reaching its bottom zone, without a doubt, the scenario that the price is developing is a probable sideways zone, this is a great thing as we will soon be able to see the market react to the upside. Thanks @chucho27 for sharing this kind of content.
We are really waiting for the market to react favorably and start a recovery in its economy, we really need the market to take a breather, let's hope that this situation will be achieved before the end of the year.