There has been a lot of speculation recently in the crypto market. Many think that the bearish market is all upon us with the way BTC has been performing over the past couple of weeks while many think it will dip a little before it will gather more momentum and bullish again. However, no matter the position of people or opinions, I believe if someone is not new to the crypto phase then one shouldn't worry too much about what the market says.
Whether bearish or bullish, trader makes a profit on their investment. Bullish might sound intriguing as investors have to opportunity to cash out big time while on the other hand bearish market allows a lot of new investors to come on board. It gives room for many to increase their crypto portfolio.
If you are to be asked which of the cryptocurrency markets will be preferred as a trader. I know many of us will go for bullish. We want more of a bullish than a bearish market. In my opinion, I believe this works better for a day trader than Zoom traders.
If someone seeks my opinion on whether a decision they should take in the period, I will say you should Hold your coin without panic selling them. If you panic sell, you are bound to lose some fortunes. To me I don't see BTC dipping for so long unless it breaks the 50k resistance I may say there is likely a fire on the mountain. Apart from that, I don't think there is a need to worry more.
Early this morning I was having a conversation with a friend who happen to be a professional trader, I don't mean he doesn't lose at times but he normally forecasts prices of ALTCOINs and even BTC. He was like, the new trend on BTC particularly the halving that is happening in a couple of months has made the crypto world more inclined towards the bullish market. He emphasises that we are likely to see more of surging this day. However, this is not financial advice for whether reason but strictly his opinion as a trader.