WHY BTC DROP TO $45,000 IS INEVITABLE SEEING THAT BTC COULD NOT MAINTAIN AN ALL TIME HIGH OF ABOVE $70,000 FOR UPTO A MONTH
Over the last 3 months starting from the month of March BTC has consistently failed to maintain a $70,000/token or above price for upto a month.
The max it has done to hold over $70,000 price was a weak (7 days). Since BTC touched $70,000 in March it has not been able to keep its price at $70,000 or more for upto a month. The best it did was in the month of March when Bitcoin stayed above $70,000 for upto 2 weeks.
This indicates weakness. Under this kind of market no crypto big player would want to dump huge inside the market because the largest token is heavily unsteady and not being promising.
Big whales knows a promising market and they utilize the opportunity when it comes.
For this reason more big players would be pulling out of the market just so as to secure their profits and not to keep incurring more loses as the market continues to decline.
If BTC can maintain a $70,000 range for upto a month you'll see a massive rush of big investors jumping into the market because the token showed some level of stability people can trust.
The reason for this is because the trading volume of these cryptos have been in the decline for the most part. Not many people are still transacting crypto due to the instability the entire market is currently experiencing.
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