Post
Topic
Board Bitcoin Discussion
Re: Reason for the dump in Bitcoin and most of the Altcoin?
by
UmerIdrees
on 09/12/2021, 06:06:30 UTC
Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

When you see such a big dump, it is not easy to recover it within days or a week. We can see that bitcoin prices are struggling to stable above 50K and there is a lot of volatility in the market. If bitcoin lost the support of 48000$, we may have to see another dump to 40K. This will be bad or the market and altcoins will further bleed if this happens.