Bitcoin faces a "double whammy", is the bull market coming to an end?
Understanding the truth behind BTC's plunge in one article
Recently, the cryptocurrency world has been quite lively! The EU has just delisted U, while the Federal Reserve has declared it does not recognize BTC. One negative news after another seems to be targeting Bitcoin as if it were planned. Everyone is saying that this time, the $90,000 mark might not hold, and this bull market seems to be over.
To be honest, I shake my head at this situation. You see, before, everyone hoped that Trump's presidency would bring spring to the crypto world, but now it seems that idea was too naive. Even if he were truly elected, how much of a wave could he create? Not to mention making BTC a reserve currency of the United States—it's simply a dream! Would Americans allow their dollar dominance to be shaken? How is that possible! Moreover, given the current market conditions, breaking $80,000 in the short term is a certainty. I tell you, this market is like a roller coaster; it's easy to go up, but it comes down quickly. In this situation, rather than shouting about "diamond hands" all day, it's better to open your eyes and see the situation clearly—cut losses if needed, hold on and observe if that's the case.
The market is always like this, with cycles of ups and downs; there is no everlasting bull market. Instead of dreaming of getting rich overnight, it's better to be grounded and steady. This isn't pessimism; it's reality!
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