Introduction
Scenes of terror return to the cryptocurrency market, and as if it were a horror movie that awakens a sense of psychological fear in its viewers, so has the mood in the cryptocurrency world over the past 4 days as BTC faces consecutive corrections.
However, these consecutive corrections that the BTC has developed have nothing to do with extremist news, rumors and speculations that have become the order of the day and have brought back to the scene a kind of collective nervousness.
Although the cryptocurrency market, which of course is dominated by Bitcoin (BTC), has entered into repeated corrections that have left a bad taste to bullish traders, it should be emphasized that these corrections are not necessary and very healthy in order to continue the bullish race to place BTC above $70K.
It is worth mentioning that among the elements that have been unleashing fear in investors are the conjectures that point to the end of BTC and the imminent collapse of the price, an element that of course creates fear and drives institutional investors away.
However, beyond the new script that has been imposed in the filming of this horror movie, where the monster that terrifies investors is the price collapse.
From my perspective I think we are getting carried away by mere rumors as this correction was coming, so, I think it is a time to analyze.
As I have mentioned in previous posts, let us not be overwhelmed by so many rumors and speculations, since the market will always make its respective corrections, it will take oxygen not only to attract investors, but also to be able to achieve sustainable growth over time.
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image background: Source: Dailyhodl
