alurosu
Elite Member
- Jun 16, 2020
- 2,187
- 1,662
Relax, that's a bit too pessimistic
Machairodont
Junior Member
- Oct 9, 2021
- 166
- 155
I'm wondering why people always think that there is "the reason" for some price action.
Every market is interconnected to many other markets in a very complex system.
People come and say "Elon Musk tweeted this and that, that's why it went up or down",
in fact you can anticipate only in a very very few cases what could be the underlying cause for a price action.
But even then it's pure speculation.
Bitcoin is seeing a downward correction yes, and I would not be shocked if it even would be a bigger one then what it looks like now.
If it will break the resistance level of around 58k, then there is no hold until around 50k.
Every market is interconnected to many other markets in a very complex system.
People come and say "Elon Musk tweeted this and that, that's why it went up or down",
in fact you can anticipate only in a very very few cases what could be the underlying cause for a price action.
But even then it's pure speculation.
Bitcoin is seeing a downward correction yes, and I would not be shocked if it even would be a bigger one then what it looks like now.
If it will break the resistance level of around 58k, then there is no hold until around 50k.
MrSponge
Power Member
- Oct 24, 2021
- 737
- 1,113
Machairodont
Junior Member
- Oct 9, 2021
- 166
- 155
- May 18, 2012
- 7,634
- 7,497
- Nov 16, 2011
- 19,792
- 11,285
It is recovering now. Should have bought the dip.
- Mar 22, 2013
- 9,146
- 10,489
