Quote from: wahyu wida on Today at 04:44:55 AM

Quote from: taufik123 on May 18, 2021, 06:53:12 PM

Quote from: Alert31 on May 18, 2021, 02:33:51 PM

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.

We know cryptocurrency seems to be vulnerable to news from influential people, after Ellon declared his departure from bitcoin, a slow reversal occurred and until now the price has tended to fall 30% in the last 7 days. it is possible that this will be used by other parties to plan purchases

Of course there will be an important role behind the current drop in the price of Bitcoin, there are already mature plans that will be carried out by the institutions, they will take the opportunity to make purchases when the price reaches its lowest point. but after that the price will bounce back up, believe that the big correction that has occurred there is an important role behind it all