For several days now, the trading community has been staring at one number like hungry penguins - $110,000 for Bitcoin. Below this level, the apocalypse will begin, a plunge into the abyss, straight to $108,000. That is, a difference of two thousand dollars. For the crypto market, it's roughly like a discount on coffee at a gas station for you. But, of course, they discuss it on the forums as if it's about the fall of the Roman Empire.
And here's what's interesting: some experts claim that if we fall again on Monday, then 'this is officially a bear market.' So all this time we were just rehearsing the bear, playing hide and seek with reality. And on Monday, an uncle will come with a stamp, put his seal, and that's it, the market officially turns into a bear.
There is good news too. September-October promises to be that time when rates will be lowered, money will flow like a river again, and we'll all remember why we bought Bitcoin at $70,000 in the first place. In other words, while you’re crying over MACD, Washington is preparing to save your portfolios. How nice.
Ah yes, MACD. A scary thing that, if it crosses 'the wrong way,' predicts disaster. Right now, just like in December of last year, this indicator is ominously winking at us with a bearish crossover. By the way, you survived December. So you'll get through this too. The only question is: with money or without?
So: while some are waiting for a drop to $108,000 and preparing mourning speeches for their deposits, others are confident that in a month or two, we will be dancing on the ruins of the 'bear market' and drawing charts in the style of 'to the moon' again.
