Are you worried about today's correction?
Today, most of cryptos collapsed. Many crypto newbies may be afraid of this collapse. I understand. But, we have U.S. main economic schedules such as CPI(Consumer Price Index), the FED interest decision, GDP, and unemployment rate this Dec. As well as, the decision of BTC Spot ETFs approvals is scheduled to Jan 2024, which means the uptrend momentum for the crypto market still exists!
Furthermore, the MVRV Z Score is still less than 2. As you can see, there are 3 bullish markets during the last 12 years, and before the MVRV Z Score surpassed 2, there were no huge corrections.
I'm expecting better U.S economic indicators and the 1st aprroval of the BTC Spot ETFs in Jan 2024.
Fidelity and SEC met to discuss BTC Spot ETFs application. What are you worried about it? What do you make scared of it? Being afraid is from what you don't know it in details.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
Not Worried. BTC will Bounce back after CPI DATA Release Expecting to hit 48k or 50 K. i have Just brought some alt-coin / meme coins on this dip.
good