Bitcoin pumping again, what now?
Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin is again pumping and now trading above 99k while ether is trading above 3.5k. Guys, recently after the market crash, we’ve seen low volume for the past few days. This is due to the holiday season, where traders and investors take a break, leading to low market activity. This can cause market makers to manipulate prices with pumps and dumps. Right now, the market is in a narrow range, and investors are unsure whether to buy or wait for further drops.
Ethereum is currently testing resistance, but due to low volume, it hasn't broken through yet. If it does, we could see a bullish trend. The performance of Ethereum is crucial for altcoins, as they tend to perform better when Ethereum does well. For Bitcoin, the key support trend line is holding strong. Moving forward, if the U.S. starts QE (money printing), it could affect the market, though it’s uncertain when that will happen. For now, it's better to avoid future trading as the market is volatile with low volume. That's it for today. Thanks & have a good day!!
I actually believe this is the right time for us to invest so much in bitcoin before the bull run comes fully