Crypto Market On Life Support But PwC Predicts A Huge Rebound.

Now the extreme fear that was in the crypto market yesterday and the day before should be double or tripled buy now as the current crypto market is looking like a pool of blood or the red sea, the crypto started bleeding more as the biggest crypto market mover Bitcoin fell below $26k, raising the FUD (tear uncertainty and doubt) that was already in the crypto market, on Crypto Twitter so many people are predicting Bitcoin will drop to $10k or even below that depending on the momentum it is using to go down because sentiments wise it not looking good for Bitcoin and the crypto market but there is a little twist or hope because, despite the massive drop in price, PwC report states that majority of crypto hedge funds anticipate a huge rebound for Bitcoin and hence the crypto market this year.

According to PwC's report, one-third of hedge funds are moving into the Bitcoin and crypto market which is good for us all as crypto traders because that means there is a possibility of more cash flowing into the crypto market, as many hedge funds surveyed are also planning on deploying more capital in crypto, this shows that there is hope despite the short term and current pool of blood in the crypto market. Having to known that 42% of hedge funds are bullish on Bitcoin and Crypto, expecting Bitcoin to rally up and pump higher than the current all-time at $69k to the range between $75k to $100k by end of 2022. I guess this should bring back a bit of positive sentiments back to the crypto market and hopefully some green candles.

Different people have their predictions of what price Bitcoin is going to, some are predicting it will fall further to $10k and some are predicting it will go up to about $75 to $100k, they might be right or wrong, time will tell what direction the Bitcoin price will follow, for me, I like to stay neutral and be prepared for any situation or whatever the crypto market throws at us because there is always a storm and storm will surely end someday, with the mindset of there will always be a Bear market or cycle or a Bull market or cycle, so it is best to be ready and take advantage of either market cycle and make the most out of it if it dips you buy more and build up your so that when it pumps you can take some huge profits before the next bear market.

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