Bitcoin and horizontal movement

Sometimes when the price of Bitcoin moves around a certain boundary, it brings two sides. If the price of Bitcoin is moving in such a position, then we often see a positive movement of Bitcoin to the upside or a massive decline to the downside at worst. So this is an important time for an investor because if the price of Bitcoin goes down then everyone gets hurt or if the price of Bitcoin goes up the investor gains.

Currently the price of Bitcoin is positioned between Bitcoin and horizontal movement. So what should an investor in the position do now? Rest or signal that it is leading to a danger. For example, if we look at the market at present, we can see that Bitcoin has been in an area for some time. Bitcoin is currently behaving in such a way that its price is neither going up strongly nor going down strongly. Currently Bitcoin price seems to be taking a break after violent ups and downs. For example if you look carefully you will see that the price of Bitcoin is hovering around 96 thousand to 97 thousand dollars and here the price of Bitcoin is almost stable. Currently the market is behaving as if the market has agreed that it will not move in a certain direction now.

source

But this market will feel different to an investor. Especially those who trade futures and prefer high risk will find the current market behavior boring. Moreover, it is normal because the situation in the market can make a movement in any direction and if it does, a lot of liquidity can be lost for many investors.

Although the market is currently stable but there is a good amount of liquidity on the downside if it wants to end then we will see a downward movement in the market. So futures traders may find this market boring because of the high risk involved. But while it may be a temporary disappointment to those investors who are spot investors, those who think long-term may see the current market conditions as an opportunity to stabilize before a new wave emerges.

But one fact that those who invest in the market must accept is that this horizontal movement happens a lot in financial markets. When such a situation occurs in the market, it usually behaves like a rest period before the market takes a movement in any direction or before the market determines its next direction.

Two aspects can be considered in the current market condition. The price will attempt to retest the position it is currently in and upwards and once again Bitcoin is gathering strength in preparation for breaking new levels. But one day the fear remains that Bitcoin may trigger a new wave of downward correction from this position and it is losing momentum as it is currently in a position.

So it is likely to go down. But nothing can be said for sure but guesswork can be done. In which direction the market moves will depend on supply and demand, and decisions taken by major investors, along with news of government regulations or major companies adopting currencies. But I personally feel that we may see another minor correction before the altcoin season starts to cause a panic among the general investors and end the liquidity that is on the downside. However, with Bitcoin and the horizontal movement of Bitcoin currently, everyone should be cautious and be patient with this position.