Quote from: erep on August 25, 2024, 05:07:50 PM

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Whales can do anything to affect the market because they have high assets that can drop the price of bitcoin by several percent on the exchange, traders and weak hand investors will be easily affected by these conditions so they sell their assets to cut losses even though they know the market will recover soon but they are not ready to wait and are not ready to accept the risk of market correction.

They need knowledge to understand the unstable crypto market conditions but actually the market will stabilize after passing the correction moment and the market will prepare to go to higher prices and we predict ATH will come soon at the end of the year, so anyone who has bitcoin assets should hold on to achieve the profit target you expect in the future.

The whales control the market, and they can indeed effect the market in whichever direction the want and since their are sometimes most active trader's, the constantly keep pushing the price of bitcoin each time they want , when their want to fill up their bags, their make the price of bitcoin to dropped and then they buy more, this have been a known fact for a long time now, also aside from the whales we have other factors that can influence the price of Bitcoin in multiple times, like news and other social factors, this have made the market price prediction to be almost impossible in most cases, expecting all time high each point when the price touch the bottom may also be a bit out of connection this is because, Bitcoin market correction sometimes we can extimate the time Bitcoin market correction, and for that we marketing attempt to predict when and how the market will go is just an effort in futility and that is why we always say that Bitcoin market movement is unpredictable.

The best we can do is to prepare ourselves, online with the situation, and that is where the knowledge Factor come into play, Bitcoin l, so at each point we have to keep ourselves equipped with the knowledge of the market, and reading chart to know both corrent and future events and what we expect from the market, those that have the knowledge can be moved with any market situation, and newbies should invest in knowledge aside from putting their money into Bitcoin.