Hello dear friends!
Last couple days was very hard time for watchin on btc. It droped on 12 000$ and it looked like it will be lower. It was very stressful for me and I believe for many other traders. But lets see what is the reason for that!
Two days ago South Korea posted that they may ban bitcoin miners and exchanges. That was the main news for Bitcoin droping these days. But the key word is may
...Long story but I think someone just want to buy Bitcoin cheap so there was no reason to worry about. In the past half of the year we saw a lot of fake news just to put btc down. If he dropped, that someone who shared that news bought a lot of btc, every singe time.
That is how all of this work. Sahre bad news, make people believe in that, buy cheap crpyto!
Already after some time South Korean gouvemenr reaffrms taht Korea woudlnt ban Bitcoin trading. So again, that was fake news and from my opinion we can see bitcoin only growing in upcoming days.