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RE: $20K to $25K BTC likely after the Bear Market Rally...keep your powder dry.
Hi @fijimermaid
It's.unngreat detail this, it might seem a sign of hope this small market recovery.
Many might sell it as the beginning of a recovery, however I have my doubts. I think there is a lot of instability at the moment, the conditions that made the situation so difficult are still present, so I do not see a very good reason for the start of a recovery so soon, however it is encouraging, but do not get carried away by the mood alone.
Yeah, bear market rallies are usually wealthy holders of crypto that are still unloading their assets for cash. And they can't do it all at once, because they hold so much. So they sell 20% of their position, then stop, wait for the market to recover again, then they sell more of their position into a bear market rally. That is why bear markets look like rolling hills down a mountain.