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Hello friends, the bitcoin market in the last 48 hours had managed to stay above 30k but today it reached 29.8k, achieving the correction expected by many, but this correction obtained a speedy recovery since the bullish they took advantage of the fall to buy some extra bitcoin.
With the correction "Michael J. Saylor's MicroStrategy", he managed to buy a considerable amount of bitcoin, for this reason the price recovered from the correction and despite rising again above 30.3k, the market is bearish with more decline What a rise that could be said that the price of bitcoin could go back to 29.8k.
Despite the movement of the whale, the market was not affected, only a few retail traders suffered from the movement of the whale, which they bet short in the futures market, even if the market is bearish, great caution must be exercised since the course can change at any time.
At the moment the market capitalization volume has had a loss of 4 billion dollars that have been withdrawn from the exchanges in the last 48 hours but the trading volume has remained at 15 billion dollars in the last 48 hours, managing to maintain the market stable.
When making this publication, the bitcoin price circulates around 30,252 dollars, showing a small rise from 29.9k, recovering 300 dollars in the last 2 hours, the downward trend can change at any time when the price makes its second correction, we would already be talking about it expect an increase since bitcoin has maintained the trend that in its second correction the price usually rises and exceeds the previous price.
The bitcoin market is like an open book, it gives signals as to which direction it is going to take, but it tends to derail from the path when a stone throws it off course (Bad or good news) and all forecasts go to hell for that For this reason, every analyst warns that you have to invest with caution, taking into account that you can lose money with a bad investment.
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The bitcoin price should have a second correction and go down to 29.8k to then take a bull market and manage to overcome the 31k barrier and remain stable until waiting for a third movement as long as it follows the trend of the previous times where it is evident that after its second correction comes the rise.
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