When Bitcoin goes up, the real emotions begin! 😄
As soon as BTC goes up by 2-3%, long positions get completely excited, and everyone starts talking about rockets and bull runs. But in such a volatile market, it is important to remember: after the takeoff, a correction may follow.
It will be especially interesting to watch when the time comes to fix, and who will remain in profit, and who will be left with “full pants” of disappointment. The crypto market is a roller coaster, and a green candle does not always mean a holiday that can be celebrated endlessly.
Factors that can affect BTC:
• Correction in the US stock markets: many stocks are currently at their peak.
• Politics and regulation: taxes, elections, and potential regulation of cryptocurrencies can suddenly change the game.
• Expectations for XRP: the price of this asset also depends on promises, and we see how many are waiting for the coveted $1, but when it will be - no one knows.
Constantly expecting 100k for BTC is similar to the XRP scenario. Keep a cool head and don't let your emotions dictate your trades.
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