Well, well, today’s market was a huge disappointment for some people, but let’s just analyze everything that happened during those few days.
📌 $BTC almost hit the 100K$ price, and while some people were fully attached to it, trading, selling and buying it, rushing around like a typical shoppers on Black Friday, the others noticed a slight movement in some altcoins, which led us to:
📌 #Altcoinseason2024 or not? There were some races among $ETH and others popular altcoins (solana, dot, avax, etc) that raised their average prices up, giving people hope for the real bullrun start. And while some were really happy to finally sell and buy their long-awaited tolens, the next phase came:
📌 $XRP and some other not so widely common coins started to burst, smashing their 1$ price and getting up really high.
So, what is really happening on the market? Seems that the prices are jumping from one part to another as if trying to give us hope and make us distracted from something. Like, a few days ago there was a jump in etherium price and that exact time I saw a lot of news of how etherium was gonna hit the 8K$ price. The same hype happened to bitcoin - everyone was talking about it getting up to 150-180K$.
What do you think it is? Speculations before the high rise, attempts to make us greedily buy and then sell in fear the prices will drop any second, or the money-hungry sharks, wanting us to enjoy the moments of delusional wealth before the huge fall? Only the time will tell.