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❕NEWS Bitcoin Price had a mini crash in price today - Here is why

AudraMiller

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The cost of bitcoin has been exploding recently. Exactly when you imagine that bitcoin has arrived at its top during the current year, a couple of hours after the fact you check the market again and find that the cost has gone considerably higher than it was beforehand. This is extraordinary for crypto financial specialists who are holding bitcoin for the long investments as it gives them a decent occasion to sell. It is, additionally, terrible for those that are searching for the ideal chance to invest, as the cost doesn't appear to be coming down in the near future.

Nonetheless, during the ascent of bitcoin there was a hindrance that caused a 1,000 dollar drop in cost throughout the span of a couple of moments today. The cost of bitcoin quickly dropped from $18400 to $17200, and immediately recovered its place, however the drop was there regardless.

Crypto analyst Mati Greenspan says that this is likely brought about by a dealer that was selling their bitcoin resources or even a whale that was liquidating out on their resources, as one would picture.

Such instability is normal in the bitcoin world, yet in the event that this is the aftereffect of a whale cashing out, could more whales liquidating reason a further accident that would be harder to recuperate from? What do you folks think? What different variables do you think might have caused this little crash in price?
 

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The crypto analyst's logic is probably the correct one. Bitcoin price cannot be sustained at an amount for so long because of its volatility.
 

CrazySher

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The cost of bitcoin has been exploding recently. Exactly when you imagine that bitcoin has arrived at its top during the current year, a couple of hours after the fact you check the market again and find that the cost has gone considerably higher than it was beforehand. This is extraordinary for crypto financial specialists who are holding bitcoin for the long investments as it gives them a decent occasion to sell. It is, additionally, terrible for those that are searching for the ideal chance to invest, as the cost doesn't appear to be coming down in the near future.

Nonetheless, during the ascent of bitcoin there was a hindrance that caused a 1,000 dollar drop in cost throughout the span of a couple of moments today. The cost of bitcoin quickly dropped from $18400 to $17200, and immediately recovered its place, however the drop was there regardless.

Crypto analyst Mati Greenspan says that this is likely brought about by a dealer that was selling their bitcoin resources or even a whale that was liquidating out on their resources, as one would picture.

Such instability is normal in the bitcoin world, yet in the event that this is the aftereffect of a whale cashing out, could more whales liquidating reason a further accident that would be harder to recuperate from? What do you folks think? What different variables do you think might have caused this little crash in price?
Hmm, I also saw the crash, but don't know why, thank you for your information. It is continuing to be high and it's price before is 13,84,113, but now it is 13,50,463 today.
 

Wisdom01

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I think the price usually fall like that because a lot of people usually see the target of where the price would reach and they would withdraw , so its obvious as the price is increasing at a higher pace now
 

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There are people who stay glued to watch the activities of these coins , I didn't notice the crash , I usually check my wallet once in a while due to other schedule.
 

Josemendez

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One thing I know is that no cryptocurrency will show a 100% Uptrennd , if you check the charts , you will see that it is not always a straight chart, it more like zig zag
 

dadayli

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this should be a mini crash just because the price came back to its same value, 1200$ is a huge drop, thankfully people didn't panic and sold what they had
 

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One thing I know is that no cryptocurrency will show a 100% Uptrennd , if you check the charts , you will see that it is not always a straight chart, it more like zig zag
Sure because it will fluctuate at some points because the market situation differs almost every minute of trading.
 

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this should be a mini crash just because the price came back to its same value, 1200$ is a huge drop, thankfully people didn't panic and sold what they had
Price was raised again, so buyers also gained, this crash and rise back helped both sellers and buyers to keep BTC price in working condition. BTC price may drop again.
 

Josemendez

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Price was raised again, so buyers also gained, this crash and rise back helped both sellers and buyers to keep BTC price in working condition. BTC price may drop again.
Ofcourse no cryptocurrency is devoid of volatility. It is the volatility that makes it tradable . We are also expecting this as well as we expect $20,000 price value.
 

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Ofcourse no cryptocurrency is devoid of volatility. It is the volatility that makes it tradable . We are also expecting this as well as we expect $20,000 price value.
I was fool, Mr B advised meto withdraw my BMF via BTC when it was at 15200, I would have gained by this rise. My advice is to never reject an expert's advice.
 

highspeed

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You see. By now I'm used to seeing the value of a single Bitcoin grow by around $ 1000 per day.
Looking at the current trend of Bitcoin, from midnight until now, it seems, despite everything, to have reached almost the sum of 20K$.
So I wouldn't be very worried about the whales.
But this is just my opinion and I'm not certainly an expert analyst.
 

Josemendez

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I was fool, Mr B advised meto withdraw my BMF via BTC when it was at 15200, I would have gained by this rise. My advice is to never reject an expert's advice.
Well , this is part of the lessons we learn in life. I too saw the possibility of Bitcoin rising higher but only bought a little amount of it .
 

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Well , this is part of the lessons we learn in life. I too saw the possibility of Bitcoin rising higher but only bought a little amount of it .
It is still not late, I follow bitcoin trend very well and the rate at which whales are accumulating bitcoin in Crypto market where sellers are scanty shows that bitcoin will continue rise.
 

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It is still not late, I follow bitcoin trend very well and the rate at which whales are accumulating bitcoin in Crypto market where sellers are scanty shows that bitcoin will continue rise.
But now I am afraid, yet I do not trust what whales openly show. Last time while touching to 20k, BTC dropped to 3-4k, and investors lost their money.
 

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But now I am afraid, yet I do not trust what whales openly show. Last time while touching to 20k, BTC dropped to 3-4k, and investors lost their money.
I believe that it won't happen easily . By the time it gets to $15k price ,investors will start to sell considering the previous time that it touched 20k
 

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But now I am afraid, yet I do not trust what whales openly show. Last time while touching to 20k, BTC dropped to 3-4k, and investors lost their money.
If the likes of paypal could buy 70% of newly mined bitcoin last month I don't think they will flood the market to crash the price likewise some other Investors. I am more positive for a rise
 

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But now I am afraid, yet I do not trust what whales openly show. Last time while touching to 20k, BTC dropped to 3-4k, and investors lost their money.
I'm sorry my friend, you've said "last time". Can you more or less remember me please, when Bitcoin exceeded the value of 20K$?
I wish I could remember this because we must nevertheless keep in mind the halving factor. This is important!
Thank you.
 

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Hi. What do u think about XRP ? Do you have any info or suggestions for xrp ?
Dear friend. In this period, my attention is almost entirely focused on Bitcoin, since it is close to reaching the value of $ 20,000.
However looking now at the graph on the trend by XRP, well, I would be also optimistic about this crypyo too!
XRP.GIF

Indeed, as is possible observe here, it seems to have doubled its value in a week.
This is good sign!
 
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