Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
As you have seen in the market, Bitcoin always moves in two directions. While Bitcoin's decline hasn't panicked investors, the small correction that has occurred has investors waiting for a catalyst to trigger a new rally. The impact of market sentiment will change when demand is higher than supply, a new rally will start after the market is triggered by mass buying due to the effects of the correction. Investors aware of the potential and usefulness of Bitcoin will adopt it as a store of value or payment method, the price is likely to continue its long term upward trend.
Yes, we already know that the market moves in two directions in 24 hours and never stops, price fluctuations are a natural thing for bitcoin to have prices that go up and down, small or big, supply and demand are the market reference in price fluctuations, correction is what reasonable for a price movement.
In addition to the potential utility aimed at today's average, bitcoin is an investment tool, both short and long term, to get better financial freedom.
But what is clear about today's bitcoin trend is that we are in a sideway phase movement in bitcoin which has quite high fluctuations before continuing the trend to become bullish.