According to my analysis, most likely bitcoin and altcoins have entered the crypto winter phase. crypto winter can be defined as a period in which the prices of all cryptocurrencies drop drastically below the normal bullish trend values. Generally, during the winter period the market as a whole collapses and will not recover for a long period of time.
So bitcoin will have a hard time breaking through the 50k-55k area in the next few months or even a year, and maybe it can be broken when BITCOIN HALVING 2024. In my opinion, the bitcoin halving will start in early March 2024 and last until January 2025, with an early sign of btc past 55k-60k.
Can crypto winter end quickly???? CAN, AS long as BITCOIN is able to break through $53,000 (AREA CONFIRMATION) in the next few weeks, and stay above 50k. But it must be very difficult, because considering the high level of world inflation, the results of THE FED meeting at the FOMC which will continue to raise interest rates up to 100 bps, the issue of world war 3, rising world oil prices (OIL) which is used as an inflation hedge asset, and extreme fear. on volatility assets.
So my advice, you should do 3 things:
1. do a small accumulation on BITCOIN or ETHEREUM every month until bitcoin halving 2024 using cold money.
2. Make quick trades with a profit target of 1-2% on a regular basis with sufficient capital.
3. And if there is a coin/token asset that you have saved and you have lost more than 50%, you should sell it but pair it to btc / eth / bnb. because the price of altcoins can drop even more in the future.
The choice is yours, thank you.