Another Sale on Cryptocurrency

It seems that yesterday’s drop was only the beginning of a strong correction in the cryptocurrency market, as everyone woke up to notices of a drop in Bitcoin, but not a normal drop, as it fell by more than 20% to reach $42,000 before resuming its rise to $47,000.

This significant decline came with the beginning of December, in which analysts were expecting Bitcoin to reach 100,000 dollars, but the last quarter of this year was confusing for Bitcoin and its performance, as usual, deviates from expectations.

Bitcoin did not fall alone, but most of the Altcoins fell, reaching a decline of more than 20% as well, led by Ethereum, which fell by 15%, as well as Binance, Solana, and ADA, with a drop ranging from 15 to 20%.

This decline had a negative impact on the market, as panic increased, but despite that, the optimists do not care about such news, as they see it as a good opportunity to buy, but the fear indicator does not say that for most traders.

Fear Index and New Sale

The fear index rose, according to https://alternative.me, to reach a very high degree, "Extreme Fear". Despite that, the fear index at this time is better than last week, despite the current bloodbath, but last week it was an indicator Fear 21 while now 25.

In my personal opinion, I do not see any reason to panic because the cryptocurrency market is a market in the first and in the end, it is not always in a state of rise, but rather rises and falls according to supply and demand, which is mostly controlled by whales, but in the short term, while in the long term do not be afraid, your investment is safe.

And if you think from this aspect, you will find that it is a new Sale that the month of December offers you, and as I posted at the end of November that there was a Sale of Bitcoin, now we have a better Sale, and you can increase the coins in your wallet and with the beginning of the new year I expect that there will be a profit of at least 25% .

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