• Correction in the Market and Accumulation
• How Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold
• Will Bitcoin Stoop to as low as $25K Before January Ends?

Every time we’ve had a correction in the market (whether it’s just a correction or bigger downturn) it’s not a time to panic but a time to accumulate. That is where the true power of investing lies. This is the perfect opportunity for someone to get into the market if they have extra money to invest.  After every massive downturn comes a reversion to the mean given enough time.

Coin Desk Explored on How Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold

The RSI continues to show that BTC is oversold and this is the right time for dip buyers to stay solvent. Despite, whales are not jumping in to buy. When whales do not enter in to the market when it crashes, this is indicative that the recovery would be slower.  And, there will be a low probability of a quick trend reversal.

The under-30 RSI indicates that the market has fallen very faster.  The market is expected to be range bound. It is important to have a good consolidation phase to build confidence for investors to re-enter the markets.

Coin Desk states RSI is important to understand the market sentiment because, Crypto traders many times read overbought/oversold RSI readings with blockchain metrics like whale demand, derivatives market data, and macro factors. Though the market is recovering – relief is not at sight.

Analytic Insight explored:  Will Bitcoin Stoop to as low as $25K Before January Ends?

There is lot of pessimism.  The constant decline in BTC value and the major sell off season is putting cryptocurrency at risk. Some opine that if BTC tends to decline and continue the downtrend, the price of the asset might touch $25K by January.

When the price went below $35K some were expecting a death cross.  A “death cross” occurs when the 50-day moving average (DMA) crosses below the 200-DMA. Many believe it marks the spot a short-term pullback graduates to a longer-term downtrend. This just means it can be a further downtrend.

The problem with most investors is seeking instant results instead of being patient. Patience is a virtue that is highly applicable in the financial market. It’s not a get rich quick scheme. Remember the past tech crash, housing crash and many were feeling that things were going to fall apart and they sold half their stocks; however, things resumed to normalcy.  It is important to not panic – nor to sell at the wrong time.

Those assets that have some decent adoption and volatility enough to make some decent profits will turn out to be fine in the long run.