A tornado has been raging in the crypto market for several months. 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 64,000 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?
I'm not very good at analysis but in my view, this phenomenon is a common market correction...
at the end of the year as it is now, the bitcoin price has corrected several times before finally flying and making a new ATH, we have entered the middle of the month and most likely the bitcoin price will rise at the end of this month or early next year.
When it comes to increase of prices then this is something that cant be known no matter how technicals would be telling it up but it wont really be giving
that precise thing thats why we should really be that keen and wont really be that hopeful or anticipating so that you wont really be ending
up on getting frustrated.
We would really pass up on lots of corrections in the market which you should really be aware of that once you do step your foot into this market.
This is something a typical movement because it cant be called a market if we dont really see these corrections and price movements.