Re: Reason for the dump in Bitcoin and most of the Altcoin?
I'm trying to find a news that may cause the current downside move of Bitcoin but I can't see anything.
Maybe its because of the fact that Bitcoin is going downwards for 2 weeks already and most of the holders sold their holdings. The market went down even more because of the leverage traders who got liquidated in their trades causing Bitcoin to go down almost 20% in a single day.
Well, what we want to see is a green candle and it must happen at least next week or we might see a bear market at the start of 2022 which is we don't want to happen but its inevitable.
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Maybe its because of the fact that Bitcoin is going downwards for 2 weeks already and most of the holders sold their holdings. The market went down even more because of the leverage traders who got liquidated in their trades causing Bitcoin to go down almost 20% in a single day.
Well, what we want to see is a green candle and it must happen at least next week or we might see a bear market at the start of 2022 which is we don't want to happen but its inevitable.
This is one of the best charts ever:
This is exactly what is happening right now .