Change of course in the price of BITCOIN ARE GOOD SIGNS.

in hive-175254 •  2 years ago  (edited)
First of all I want to give a big greeting to all steemit friends and especially to the members of this prestigious community such as PH. I want to share with all of you this post related to some considerations Turnaround in bitcoin price are good signs.

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After several weeks with bounces and crashing falls of bitcoin reaching alarming levels, where investors were full of many nervousness, the price of the most important currency in the crypto ecosystem has begun to recover reaching 21K..

This undoubtedly gives a lot of joy to all of us who are part of the crypto world and as we already know that nothing is said and cryptocurrencies still give us many surprises.

This price rebound is given by the impulse made by several bitcoin holders (whales) who invested to not let the price fall further or as a stimulus strategy to then capitalize on their investment.

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Undoubtedly this behavior of bitcoin breaks a lot of indicators although some consider that the 100-day EMA defines the behavior and that the resistance that presented 18K would not have so much time to be overcome with what it is doing right now with a change of uptrend temporarily.

This change of trend gives a respite to all cryptocurrencies because he appreciated a sea of red where bearish trends were predominant and where weak hands were selling many coins contributing to the deterioration of the market.

In conclusion, it is important to note that the market recovery will undoubtedly be gradual and these rebounds are important for the future of all.

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@tipu curate

thank you very much for your support, it is very valuable to me.

Hi @dgalan.

This price rally comes from the boost given by several bitcoin holders (whales) who invested to not let the price fall further or as a stimulus strategy to then capitalize their investment.

These are strategies that help to slow down the price of BTC, and we are all attentive to them, let's hope that the price continues to stabilize upwards, to be able to capitalize. Thank you for such important information. Regards.