We could see Btc at 58k dollar 🚨🚨 Here is why... in the space of 4days BTC has touched 70k + and dipped down 65k - 66k twice... here are possible reasons :
1. ) Market expectations : Although Bitcoin quickly recovered in the first dip, moving from 66k to 71k same day🔥 the market sentiment was that of caution ...
The price of Alt coins did not make any significant gains even though Bitcoin recovered it was as though people felt there is something fishy ....they were not wrong though....so people were not really buying except for the inexperienced.
2.) Past halving : Prior to this halving there have been talks on the coming big dip... which seemed not to have come.... could this be it?..
ETF has definitely caused changes ...but Jp Morgan said BTC at present is over priced ...if you don't know JP Morgan then you won't understand.
3.) Big players selling high and buying low : as manipulative as it sounds it actually does happen .....who doesn't want more tokens you do I do ....who else ...they do too ....it's investment, maximizing profit is the goal.
in conclusion ...use stop loss to reduce your losses.
If you'll be interested in regular market updates and updates on market sentiment to guide you in the coming bull run ..then you have to follow.
