Analysts see a little extra green and will have you believe that btc's going to fly to 100k without any resistance. This causes people to panic when the moon can no longer spotted with the naked eye, as they have done today.
I made a post about a week or so ago suggesting that bitcoin will likely test the 39-42k region, and am not too worried. No one knows when the market will crash, nor when it will recover. However, if you don't expect a healthy dose of volatility and economic hurdles when investing into the crypto markets, you need to adjust your mindset.
Yes there is more China FUD about, but I'm betting that we won't go into a crypto winter, and will survive this Septembear. Important updates are lined up for most of the big blockchains in the upcoming months, nfts are booming, more countries are legalising and trying to adapt to crypto, and adoption is continuing to grow. So stay hopeful, and at the very least, think before you panic sell your whole portfolio.
Long live the bulls!
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