Bitcoin did Halving why it's going down?
Here's my analysis for Short term and Long term
1. Sell the news event, Halving hype definitely contributed a lot to make Bitcoin break ATH even before Halving occurred. Unlike in the previous cycles, This is the FIRST time it happened. Thus Bitcoin went overbought at 72k and we've come to Overbought state. For Bitcoin rally to 100k healthy corrections are necessary. So don't panic!
2. In short term, we can see sell pressure keep increasing due to market panics. But smart money inflows are coming in. There's a chance we will go lower low first to find a local bottom. But should you sell? For investors I don't recommend to time the market. However if you're a trader go ahead try to short until oversold indicators are fulfilled.
3. In long term, for investors I recommend try to accumulate by using Auto Invest feature on Binance. We can't predict exactly the bottom price but May is generally a good month to accumulate
And don't forget always DYOR!
