Last year was filled with a lot of hopes and expectations for the Bull market to continue or for there to be a spike in Bitcoin’s price. Well, that became a reality as we saw lots of coins pump during that time, shortly after, we saw bitcoin attain a new all time high. But those were good times, I remember writing lots of articles using the word uptober, it felt really nice, but here we are one year after with the price of bitcoin far below that, it’s only going to take a massive liquidity pump to get Bitcoin back to the price it was last October.
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Last year the total crypto market cap was above $2 Trillion but below $3 Trillion, which seemed small to me because I was expecting a $10 Trillion market cap. Crypto is still growing and just like the stock market, one day crypto will get to a point where it will $10 Trillion off its market cap and we will all scream that we are in a bear season, some people might start saying that crypto is dead again. But here we are today, with $10 Trillion getting wiped off the market cap of stock and we are not hearing the world say the stock market is dead.
So back to hoping that this October becomes an uptober month, currently I can’t say I am hoping for a major fundamental news that will pump, lots of good news have been coming up but not enough to pump the price, the only big fundamental news I might just be hoping for is the Ripple and SEC case, been a long time coming, aped just for the fun of a probable win from ripple. So XRP can pump, been a long time that coin had a pump that got it to an all time high.
I haven’t been a big believer of technical analysis because I know the market is just a playing ground for the whales, whenever they feel like pumping the market, they pump it, all you have to do is enjoy the pump ride and take your profit. We are just 2 months away from the end of the year, hopefully, the bear market will end this year and we are going to see a Bull market afterwards.
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There's actually a lot of bias when talking about crypto by some news outlets. Regardless, crypto will stand strong while growing in overall market value.
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