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
Greetings @lupafilotaxia, certainly the cryptocurrency market is in decline, but as you very well indicate in this opportunity it is not any negative news but a correction of the market itself, the question is after this correction the BTC will reach a new all-time high?
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Certainly my friend, corrections are very healthy because they invite laggard investors to buy coins at good prices.
Greetings and thanks for providing us with this valuable post.
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I agree with your opinion friend @lupafolotaxia, the corrections observed in BTC are more than cause for alarm, I think, they are reasons for relief. In my opinion it denotes that the financial market is maturing, it is not that doubts regarding crypto are increasing, but on the contrary investors are daring to put more and more money in other projects, even in carrying out operations of risk in the pursuit of ever higher dividends.
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hello @lupafilotaxia,
We have had a bull market for a long time, so the spectre of the whole market crashing and retreating is always very present in the minds of all of us who lived through the market crash in 2017, cryptocurrencies still do not have a consolidated market, so it is possible that things will change and we will move from a bull market to a bear market.
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Greetings friend, certainly market corrections are healthy and processes to which we should already be accustomed, they are necessary to regain momentum, but as you say, this market is marked by horror movies that the news of the skeptics and those who predict the collapse of bitcoin have helped to build.
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@tipu curate 5
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Upvoted 👌 (Mana: 0/5) Get profit votes with @tipU :)
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Certainly we should not get carried away by the news and rumors but if it is true that they have kept the cryptocurrency market in a tense situation, especially related to BTC, it is not surprising that the movements and oscillations end up making many investors decide to exit some projects for fear of losing their investment. I think there is still a long way to go in the midst of the price fluctuations, but without a doubt it is a real horror movie.
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