Short answer: I don't think so....
Long answer.... Well, read below
....it makes sense if it has, especially if we consider the fact that BTC touched 58k already a few months ago. However it makes more sense of it dumps to the 48 or 55k range again, which would be another 25 to 28k dump from the current price.
However, let's say we are dumping to that price point, we would need a sort of catalyst, a sort of event, announcements and whatnots, however, if the market is actually stipulated to get to those levels then it'll definitely find a way to do so. It could either drop gradually, or need something to make it dump harder.
I think it would take a really chaotic announcement from Trump or something really devastating from the middle East to cause a flash crash.
However, one thing I've discovered is that crypto will dump with time and season irrespective of good or bad news, especially BTC, good and bad news are psychology boost to some extent, but a dump will happen when it would, and a pump will happen when the is right for it to actually happen.
I predicted the market to bottom at some point in September, October or November, and if by November or December BTC is still at 70 to 80k or if it has gone to 85k by then, this would have meant that 58k was the bottom and for other alts like Hive this would meant that 3.7 cent was the bottom.
I think the market bottomed around 7 cents for Hive in the previous bottom, I can't say exactly (I'll have to check) but it looks like it's certainly that price point. I am still not convinced that 58k was that bottom, but it's a possibility.
If this turned out to be true then it would mean that I predicted 48k for the bottom but we bottomed at 58k.
This would also mean that I predicted 3 cents for Hive bottom but we bottomed at 3.7 cents which is not far off, but we cannot confidently say this until we get to November/December.
2027 will generally be a drab year: not dumping at all, just pumping a little, retracing, correcting and then just slowly adding a little or slow pump.
This means that we might start January with BTC already at 100k, or maybe around that 90 to 95k, but this is if indeed the market has bottomed and there's honestly no catalyst or black Swan event.
There are a lot of "ifs" at this moment and honestly these would be the factors that dictates where the market is possibly going, or what is going to happen. I'm going to do a little brainstorm, and another set of predict on what the top of the market will be.
As always, I've talked about how not being too emotional in this cycle has helped me, If I were less emotional as the previous cycle I could probably have saved enough to be buying back at this point.
However there's something you must've noticed about BTC and alts: people are being to react to the gains in the market by taking advantage of it to buy even more, which is honestly very bad because people buy because they're sure it pumps and not because they're calculating that it must've been the right time to actually buy, but that's crypto for you, the only way you can escape this is choosing to be logical instead of being sentimental or too emotional. However, here's my final take.
If BTC is bottomed already (which I'm still not convinced) then there's a 10k difference between my actual prediction for the bottom and 58k which is (that's after it's confirmed) the actual bottom, and honestly I'll say "not bad" to my prediction skills. If indeed 3.7 cents was the bottom for Hive and 3 cents was my prediction then it's still a 70% pass which is good prediction in my opinion.
I'm basically using a lot of factors to make my predictions lately, and honestly they've been close to "being good"
I'm not going to share these factors yet, until God willing, in January when I've validated and done some other testing. Nothing is currently certain, and I have to continue testing these theories against the movement of the market.
Conclusion
My theory still says we're going to 50k levels, but perhaps it was 58k and I missed that, but then still honestly very great indicators to use. Again, I'll share this indicators soon and perhaps I'll make another bold prediction in January about where and when the market is going to top.
So, let's see how it goes. Three months ago was the scariest time to be here because it feels like all was lost and holders are doomed, perhaps we still are, especially for not taking some profit in the golden age of 2021, where I think may have been tnt top for crypto innovation, but that topic is for another day.
Once again, September started well, and again, which again, shows that the market is becoming very dynamic and not instead of static.
The idea that September will always be a good month to buy may be changing, but then, the month is still very long and we can still get a few corrections back to the 70k range which opens a window for others to actually buy in.
