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Hello everyone! I would like to share a observation about the development of the BTC market.
You know, back in early October, I wrote that the crypto market was expecting a serious drop. At that time, Bitcoin was somewhere in the range of 120,000 to 126,000, and honestly, my posts looked like a joke against the backdrop of widespread euphoria. Everyone believed only in growth, only in an upward move. On October 9th, I even jokingly tried to place a buy order for BTC at $100, but the exchange told me the minimum was $24,700. Funny, but nothing more.
Just a couple of days passed — and the market started to crash. Everything happened exactly as I predicted. I thought the market needed to shake out all interest in crypto, force weak hands to sell, and just move on. And that’s exactly what happened.
Yes, we saw a drop to 60,000, then a rebound to 70,000, and now BTC is holding around 74-75 thousand. But it still feels like the story isn’t over. I think we’re headed for a test at the 45-50 thousand level — that’s where major players will start seriously accumulating positions.
For now, the simple advice is: no rush. Watch, wait, give the market time to set everything in place. For those who remember my October forecasts, you can check — everything is going according to plan. The market is working like clockwork.