Market Action: Is Bitcoin in trouble?

in bitcoin •  5 years ago 

Just a few weeks ago, Bitcoin was in a bullish sentiment with price trading above $10,000 range. While it did retrace back to below $10,000 range, sentiment remains positive until today. Bitcoin is now down -6% in the last 24 hours. One of the largest decline since the start of 2020.

bitcoin-price.png

Now where do you think the price of Bitcoin will go? Is this due to the temporary futures contract expiration as we head towards the closing of the month, or is this the start of what looks similar to 2019.

Screenshot 2020-02-27 at 12.24.56 AM.png

Not to mention, Bitcoin halving is just around the corner, about 75 days to go at the time of writing. Will that event impact price again?

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It looks like this could be major manipulation of the price.

no... that's normal.. 👩🏼‍💻

Here you can see how @coingecko is using false data to mislead Crypto investors looking for top coins. So Hex is in top 69 coin atm. @coingecko lists it as top 3989 coin. They will make people lose a lot of money with missed opportunity based on false data

Screenshot_20200401-162637_CoinGecko.jpg

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I'm seeing steem undergoing a rebound. It's having a relapse to shoot again.

Posted via Steemleo

I can see a lot of people panicking with the tock market taking a hit over the virus maybe crypto is to. People pulling in cash or gold incase a major problem

Well we have a black swan event unfolding and cash will be king near term.

  ·  5 years ago (edited)

Like some of my friends on Steemit say "Amazing idea with the posting"

😆 Maybe it will be a massive inverse head and shoulder on the weekly.🤔 (That's what nodeinvestor said..) 🥳

I am feeling that BTCs halving may be priced in and we are getting the sell the news dump early, much like LTC acted last year.

Just another rigged job by the power elites.