The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.
Looks like we are in a phase of eliminating the doubters.
Everybody thinks that we will easily break and stay above 20000 usd but the market rejects it now.
What is the next move? This is the biggest question right now and everybody wondering , the fact that nobody can predict correctly this situation we are making speculation at this point as when the price bounce back after this correction , you wont regret got some more bitcoin when the price tripled later.
One of the things that I like a lot is being able to enter the forum and see these types of discussions, because each person sees the market in a different way, I see it differently, some things I share and others I study, it is mere speculation, but It happens as you affirm, what comes next? Could it be that they are correcting to catch the bullish momentum? Is it that investors are taking advantage of quickly buying some alts to shelter their money from a possible much higher bullish trend until they exceed $ 20k? Emotions are running high. I think the market should correct, it should be, but as everything is going, I think it will continue to rise.