Hello guys,
Does anybody know why BTC is falling like a rock within last hours?
If there any specific reason or just a normal correction?
Thanks and cheers.
every situation in the market is normal and temporary which is it will stabilize again after it gained enough strength and will continue to bullish and touch down new ATH, so no need to worry if it falls like a rock 'cause surely it will soar again and again that is the fact after the worst situation . So just relax and put more patience on it.
For the long term view, situation in every market can be pretty good, but at the same time, you also have to understand that the possibility of falls can still always be around the corner most of the time. The thing here with bitcoin is that nothing is guaranteed and to me we are still in a pretty much bear market and anything can simply still happen but like you said, it does not really matter since in the long term bitcoin is still bullish.
Everyone here wants a new ATH everyday. No exceptions. But, practically market is doing its best. There are sometimes the whales are manipulating but now a days those chances are very less. $10k still remain a big barrier physiologically. Hence we may expect range bound for some more weeks.