Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
Price tags for bitcoin $27k is recognized for its persistent oscillations, although some traders zooming it to be a touchdown of breakdown. I believe, however, that it is unquestionably getting ready for a bull pump. Bitcoin has a 50/50 probability of making a retest and pumping or of continuing to decline. Perhaps the chart will show an Impulse, correction, and continuance of the Falcon idea. Bitcoin is declining, making it a favorable time to begin a short position. Scalpers benefit from bitcoin, thus it's critical to keep track of the bitcoin chart and understand when to purchase and sell during a bull or bear market.
That 50/50 reminds me of the possible sideway movement of BTC in the range of $27k - $30k. The current drop is too much for a correction, I believe someone just dumps their stash to take profit and hopes for the Bitcoin price to drop more in order to reenter the market. This also indicates that the market is yet to enter its bullish phase, probably we still need to wait some more months for that bullish market mode.