BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
It not surprising on this jumps since we did already witness it when the price was on still $11k mark which sudden pumps do really happen on those times and lasted until it reaches 20k All time high. $2000 a day is really amazing but expect for having price corrections later on. For active day traders this would really be like a paradise because making money on those waves would really be there but somehow risky but would really be worth of to try.
Well as sudden as it pumped to 20k it, it dumped to around 16k in a matter of hours yesterday. You really would have to have nerves of steel in this crypto market to avoid making panicked mistakes. People who entered at 18-19k are probably nervous right now especially those who don't have that much experience yet with crypto markets
This is always the scenario, when it reach new ath expect that it will undergo some minor correction so probably panic won't do nothing. But yet this scenario makes people worry that it is somehow a bubble that will just burst any time and making some fuds that make others panic. So as traders let's just ne used to it and embrace the volatility of cryptos.