The up and down wave shows something strange .
If Bitcoin (BTC) is showing bearish signs, it generally means that its price is expected to decline. This could be due to various factors like market sentiment, regulatory news, macroeconomic trends, or technical analysis signals. Itâs important to look at charts, news, and broader market trends to understand the reasons behind the bearish outlook and to consider risk management strategies if you're trading or investing.
$BTC break 58k and we will go for some big runđ„đ
some little bounce and people was confident that market will continue to grow...what happened next we all know .
When it does fall, people who speculate the currency (i.e. trade to make money, not to âinvestâ in it), will close their positions (sell Bitcoin) to make a little profit if they bought it later, or to cut their losses. And the snowball will start to roll. As everyone starts to sell Bitcoin, and not enough people are willing to buy it will fall even further.
