Corrections and sideway actions happen in a bullmarket, too!

Cryptocurrency News and Public Mining Pools

Corrections and sideway actions happen in a bullmarket, too!

The market is forward thing:

  • we had non-stop pump in the stock market, it will correct. Since the crypto market is tied to the stock market, crypto will correct a bit harder

  • summer is vacation time, traders, financial people and almost everyone else go into vacation….therefore no real market action is expected

  • last year 6 interest cuts were priced in by the market, now the market priced in 1 single cut…some FED officials even say it could happen in 2025

Now we're dipping and moving sideways.

This is actually very good. Good discount prices to enter the market. Fall and winter 2024/ early 2025 will be very bullish. Many "experts" project that we're reaching 100k eoy. 100k eoy 2021 never happened, but 100k eoy 2024 is on the table.

submitted by /u/LisHere321
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