Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.
Bitcoin does not need a reason to happen such as a correction, but rather it is natural, especially as it is within the space of the support and the constructive represented by a summit at 32K as a higher and 26K dollars as a lower, so the prices will move in this range and you will not need a reason to say why this price moves in this range.From around 30K to around 27K.
By now, everyone should just be aware that bitcoin moves cyclically. It moves in upwards and downwards direction. We should not expect bitcoin to move in just one direction (upwards) only.
When everyone comes to this understanding, we will surely appreciate the essence of correction of prices in bitcoin. If bitcoin does not retrace, it will not have enough strength to make another bullish movement.