$BTC

Analysis and Ideas on #BTC☀

why #BTC☀ has dropped so harshly

why #BTC☀ has faced this drop twice in less than one month ??

what will happen?

post your ideas in comment, I will reply them 🖤

all traders and binancers have been in big hope and been experiencing a historical moment of #BTC☀ as it has hit $108K all time highest and it has been accepted as a world's new rising currency, not officially maybe but obviously everybody is now discussing its feasibility and usability.

In such a scene, why it has dropped significantly when it was above 100K level? weeks ago, I explained the reasons of the first drop hours before it was 108K and warned binancers would see a drop till 90Ks. you see them on my posts.

the first downward actoon resulted from the announcements and decisions of FED which has a critical effect on this coin. They left the interest rates as it is which was not useful for the financial environments.

the second drop which happened today was due the speech of the new president Donald Trump stating the interest rates are too high and giving a signal of unstable inflation rates. it gives us a signal of a rising actions for interest rates and inflations in the upcoming months. and it also triggers a fear and unreliable atmosphere about economy which generally leads a drop in markets.

another factor is the unsure traders. Because of the first drop and its unstable position above 100K , traders are not in a powerful trust. instead they are in a anxious trading so any small drops can lead to a harsh drop unlike its rising movement. As traders have a bit lost their belief in a harsh rise, they hesiatate and make investments in a unreliable way.

So when it is going down while testing 100K limit, more selling means a harsh decline. it might drop a bit more but it will gather its position sooner or later.

for trading advices, always do your own research. if you have any idea and comment, please post it under my post so that we can debate #BTC☀ here.

stay connected

🖤

@TheLast Lydians