Quote from: sadewa69 on Today at 04:04:43 AM

Quote from: acdc on May 20, 2021, 11:45:10 PM

Quote from: makishart on May 20, 2021, 04:26:40 PM

Quote from: ogundowotoby01 on May 19, 2021, 10:52:07 PM

It is because the market has been in an overbought position long enough. Taking Bitcoin for example, the price increased so fast (leaving a price imbalance/void) without any serious retracement or correction. So the market is just correcting itself.

Did you think the fundamental didn't give impact to the market? The fact that if these days technical analyzation means nothing when it was facing a very bad news like china was banning crypto from its country.

In fact, technical analysis has never been true for bitcoin and cryptocurrencies.
The cryptocurrency market operates on the trust of investors in the project of their choice.

that's right, the overall value will be determined by the market. but sometimes the sentiments created by certain people make a trend change in the market. We cannot blame, but what happens now we can take the experience that the crypto market still consists of investors who are very easily influenced by bad news outside of the world.

A lot of people enter the cryptocurrency market to invest for profit, so they are very sensitive to news.
Such investors are easily manipulated and manipulated by the media