Seems Not a Good Day for Bitcoin as it Goes Red

Seems the blood spat from the office of bitcoin is not yet over or probably we are just entering the new wave of it

There was a strong prediction last few months of bitcoin heading towards $12,000 yes heading towards $12,000. It might look shocker but that's just the truth. It started to be a little bit of a truth as bitcoin bleed severally towards $17,000 the following weeks which really serve as confirmation

Weeks later, it seems there was a recovering upward again as we see bitcoin making some green waves even upward to $22,000 well it turns out to be a false breakout

Weeks later after the false breakout, we are now back to the $18,000 region. That seems destined to where bitcoin is heading to. At least if not for the remainder of the year but for weeks later.

We might be in for a very seriously bear run market looking at the market movement. I can see BTC is not yet done with its bleeding untill we hit around $12,000. That's really a long way to go right but come to think of it not really long.

In the month of August, bitcoin was trading around $23000 and come to September which is one month later, it dwall back to $18k which is arguably $5k difference dropped in just one month's

The month of September will really play a significant role and a deciding month in price drop. I am seeing BTC trading below $15,000 before the month of September ends. Well that might look so harsh but thats just the harsh truth also except if we are in for some cool surprise.

We are far from ending the year around the region of $30k. Really far well we can actually hit the figure probably since we still have four months left but that really look unlikely

By the way, hive still hold a strong resistance to the price drop of BTC as it seems it's not affected that much. That definetely is good

I have always complained to some of my fellow traders friends that one major thing that made me to dislike the Crypto trading is that bitcoin always control most coin price movements. Yes if you have noticed it you will see it is actually true. When there is a sudden price drop in BTC, it is very much likely most coin will also follow in the direction no matter the prediction and technical analysis you have made.

And also if there is a sudden price upward movement in BTC, it tend to help most coin to move upward also which sounds Good to at least to some traders in that aspect.

Hive for now still holding the resistance against the drop in BTC price and let's hope it continues holding it for long. I am seeing hive hitting the $1 before the year ends.

Except we are in for some major surprise which I don't think hive is ready to entertain. Keep stacking as much hive coin as you can because next year is definitely a major bull run for hive, BTC and the Crypto space in generally.

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