A tornado has been raging in the crypto market for several months.
Zoom out the chart and start only in last year, the market has been bullish since last year.
As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 74,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?
It didn't reach $74k yet but we will be there and that's why I'm telling you to zoom out the chart. You've seen the lowest and it's still up from that moment to this moment. The sluggish and plunging is normal after all of these months that it's been pumping, so there's really no need to think of it if you're long term. But as a short term investor, you'll feel worried about it.