Bearish market / BTC and Hive

8 months ago

Peace,

How are you doing today my friend?

The market has shown serious signs of diminishing confidence in the value of tokens such as BTC and other crypto.

The money has not entered the crypto space as it should be for the last successive weeks and months. It is highly possible that investors are leaving the market before the end of the bear market.

I tend to think that it is an opportunity on the market to acquire cheap tokens. I would like to stress that it is not financial advice but I should not fall for the hype advertises on obscure projects aiming to get tokens out of your wallet.

As you can easily understand from the graph the pair HIVE/BTC is moving towards values never reached before on the downtrend.
The Bitcoin holders have the opportunity to place buy orders and get as many Hive as they can on the market.

If you are selling Hive during this phase of the bear market due to financial reasons, I will propose that you consider another source of income or funds so your potential influence on the Hive blog's community doesn't diminish.

Although the Bitcoin pair with USDT shows slow-moving prices on the ascendant trends, a small variation of price with Bitcoin has a huge impact on the market.

Market investors are showing signs of discomfort hence the delay in the moving price actions on the uptrends.

I am convinced that the price will reach support levels and hold even if the general intention on the market isn't favorable to a green wave. I am sure the Hive powerup day on the first day of October will launch all projects.
The current trend will change based on my analysis to the green side and stay in that area from December.