Here I'm saying it live on my page! bitcoin has undergone a major correction some might say over correction but I think the bottom is here
The crypto market has been very hot for the last few months with this month being a major cool down period with lots of fud and negative publicity, looking at the chart the green and black lines represent normal healthy growth.
Looking beyond the chart the rise can be accounted to main stream media such as bloomberg, cnn, cnbc, even local radio in France! heavily covering the space generating hype and excitement then suddenly the coverage stops and a few weeks later we start seeing the FUD. Such as the Tether Incident although I would argue Tether is still functioning so I'm not entierly sure why the market is panicking so much but then again it always overreacts to any news.
I would like to remind you all that the technology is still evolving the user base is still growing and there are real scaling solutions that are here now! Sharding and lightning network are here!
Good call! I think you're right with the media bringing lots of new money into crypto, then the FOMO reveres and the sell off began.
The wall street shorts helped everything along. So today we hit under 7K and bounced close to your green line on the chart. Today the Senate report on crypto regulations was much more positive than expected....so maybe we will see the bulls return as the fear subsides. I certainly hope so.
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I am hoping the bottom 😂
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