🚨 Bitcoin price has made a major correction, investors hold on! 🚨
Come with us to talk about the news of the Bitcoin market!
The market experienced a significant correction today. The price of Bitcoin once fell below the US$60,000 mark, dropped to around US$59,000, and even touched US$57,800 at one point. This decline not only gave back all the gains made at the end of June, but also unsettled the market, fearing that Bitcoin might plummet further.
But don’t worry, let’s look at it from a technical perspective. Bitcoin is currently in a strong support zone, that is, in the range of $58,000 to $60,000, where there is strong support. But if the 4-hour line falls below this range, the next support level should be between $55,000 and $56,000.
Although some people believe that it is unlikely that the current Bitcoin price will fall to the $51,000 to $53,000 range, if it does happen, it will mean a drop of approximately 12%, and in the Bitcoin market, such a drop is expected to occur in the short term. It can happen in just a few hours. Therefore, if investors cannot accept such volatility, the chances of profiting in the upcoming bull market will not be too high.
According to past history, Bitcoin’s big bull markets are often accompanied by corrections of more than 30%, so investors need to be prepared for possible market fluctuations.
Taking US$74,000 as the reference high, if the Bitcoin price really drops to the range of US$51,000 to US$53,000, this will be a correction of approximately 30%, which is also a normal phenomenon in the history of Bitcoin bull markets. Because sometimes in a big bull market, there may even be multiple corrections exceeding 30%.
Therefore, everyone must be prepared for this kind of volatility in the market and learn to adapt.
#比特币 #价格回调 #投资者心理 #市场波动