Crypto Pullback Before New Years Probable 💀

In the next few days we could experience an additional implosion with crypto prices as people make tax advantageous moves to offset gains in other assets and then plan to rebuy after the new year. There would be a fair amount of people who got upside down this year on their crypto holdings.

I have said it before but the government shutdown really shell shocked people's liquidity even if people receiving the benefits directly weren't affected it messed up a lot of people's businesses.

People are struggling big time and didn't really have the money to keep throwing at crypto. I do think once we get to the new year we likely will have a bit of a relief rally as people rebuy into stuff they have sold.