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3:29
Bitcoin: drop below $60.000
Unexpected liquid downturn for thousands of investors
We are facing a fall that has liquidated more than 900 million dollars. Why? Emphasizing the price of Bitcoin for many can be quite an odyssey.
We first witnessed an all-time high even full of projections for 2022. However, this led to a correction and now a decline.
What will happen in the next few days?
When the bitcoin rises it drags the price of almost all the alcoints, and when it falls it usually happens in the same way.
Cryptocurrencies move in the market through various circumstances. Government decisions or important opinions by great and powerful CEOs can move prices instantly.
We understand that just a few days ago bitcoin broke its all-time high, reaching $64,000. This is a fascinating thing if we go back a few months when it was below $30,000.
Recovering is part of the process
Only true traders know and maintain the correct wait time to see bitcoin recover. It is not about acting in times of panic. For many it is time to invest and hold.
We have gone through this process more than once and in fact sometimes the similarities with previous years are extraordinary. From this we denote the following: the price will rise again, gradually, but it will. We will see a bitcoin break new all-time highs and provide security to its investors.
6-figure forecasts for 2022
Although we are facing a powerful fall, we cannot fail to highlight the forecasts and analyzes that exist regarding bitcoin for 2022. Most of the analysts embrace the idea of reaching 6 figures. A considerable projection that can break all existing schemes and opinions.
Invest in the fall
This is the key to trading. Investing in downturns is the most correct decision investors may be making. Why? The price will always correct after it has reached its maximum.
After that, it enters a space of fixed temporality with small variations, and then it takes us to a new scope that completely leaves the previous levels of escalation.
The worst decision is to sell due to lack of analysis or panic. When prices drop, markets panic and runaway sales begin. Many are liquidated, and the losses are considerable.
If you are interested in venturing into crypto, you should bear in mind that emotions must be controlled and that the wait can be long but safe.
Trading can be a process that requires good analysis and a lot of patience. Whoever faithfully acquired this crypto at the lowest prices, and held on, may be enjoying considerable profits today.
Traders and analysts expect a second bearish move
There is no shortage of a second movement with a downtrend. We may be prepared to see bitcoin hit $50,000. Not satisfied with it, the rest of the alcoints will follow the same decadent line.
It is nothing more than a movement of temporalities, for one reason or another the movements are strong and cause a furor, liquidating many investors.
On the other hand, it is impossible to doubt the profitability and stability that the most powerful cryptocurrency in the world can have.
Bitcoin has had a lot of opposition in its existence and yet it continues to grow. It remains the most important cryptocurrency on the market.
This year has become quite contradictory and rigid in the world of crypto. Bitcoin proved to go down and again recover above any ban or opposition.
