Crypto market is bleeding as Bitcoin price dropped more than 5% this morning. Altcoins are suffering badly as they are having a significant decrease in the prices. Altcoins are down from 10% to 30%. In short the market is not looking well today.
Bitcoin price is declined towards $60k and now rebound above $61k . Some of the altcoins didnt react much on Bitcoin price drop. If you read my previous post i have predicted these outcomes of Bitcoin hitting $60k. Bitcoin played the same scenario.
Good thing is that Bitcoin dint decline further and is now on a recovery path, same is the case with altcoins, they seems to reject further decline and showing upward signs. This is good for the healthy market.
I think the bottom has been made and its time to move up now for Bitcoin as well as for the altcoins. This must be the final shake out before the bullrun. I am fully confidant that bitcoin is now ready to make new ath. This would simply push altcoins print good big candles.
Hive is one of those altcoin who didnt follow Bitcoin dump today as its still in green. Its Good for the hive holders. I believe that Hive price will pick up more when bitcoin price increases. Hive will be up close to 40 cents and break further resistance .
Hive is one of a solid coin im holding, my bag is not big but its something that i believe that can make a difference in my life if the price reaches to atleast $2. I hope big from hive but least i would be happy to have it reached $2.
.jpg)
I know many of us are frustrated on Hive being very slow and undervalue , especially those who bought hive at higher prices. If you are holding your bags since the top then there should not be any excuse to dump now for peanuts. It would be good to wait a little more for the right time to come.
On the other hand there are few of us who are selling hbd on daily or weekly basis to meet their needs in life. This is the biggest beauty of Hive ecosystem that it is empowering people through its content creation system. I am one of those people who often sell part of my earning to pay bills. Hive is really changing lives of many people worldwide. I am happy to be part of this beautiful blockchain.
Well, the upcoming bullrun will melt face of cryptocurrency haters because its going to be just amazing and unbelievable. I would say that Keep holding your crypto bags To make sure that you dont miss those juicy profits in bullrun. Afterall this is the most waited bullrun.
On a side note, the current market behaviour looks scary and can cause you to dump your bags in loss. It would be wise to control your emotions when looking at the charts because they can overcome your mind. Better to stay away from crypto for a while.
Posted Using InLeo Alpha