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❕NEWS BTC falls below 35K despite announcement of Biden's stimulus plan

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Many believed that the announcement of the stimulus plan would cause the price of BTC to rise, but the opposite has happened, the price of BTC has depreciated, crushing the bullish sentiment and causing the BTC to fall below $ 35,000 due to the force. of the dollar that accumulated strong pressure on the cryptocurrency. Bitcoin bounced off 34,300 and is currently worth $ 36,400.
The movements of Bitcoin have reinforced the assumption that it would move in a range between 30,000 as a support and 40,000 as a ceiling. This consolidation is very healthy for the market.
What do you think about him
 
It's currently unstable and people are confused, they don't know if they should invest or sell, the price keeps playing between 38.000 and 35.000
 
I think it would definitely increase and maybe people are actually not investing and are waiting on when the stimulus plan would take effect then rush to invest
 
It's currently unstable and people are confused, they don't know if they should invest or sell, the price keeps playing between 38.000 and 35.000
As at this money the price has gone down more to $31kplus. I think it just the nature of Bitcoin price that is always fluctuating. So one can still make plans of buying now than selling since I see the price rising high till.
 
As at this money the price has gone down more to $31kplus. I think it just the nature of Bitcoin price that is always fluctuating. So one can still make plans of buying now than selling since I see the price rising high till.
I think its still going to rise still , i dont even know why many people are selling despite showing plans to rise very high, because i still believe on bit coin increase
 
I think its still going to rise still , i dont even know why many people are selling despite showing plans to rise very high, because i still believe on bit coin increase
Well, that's people for you, they will always people buying and others selling at the same time but really I think bitcoin will continue to rise for a long time with the way things are going
 
I believed bitcoin will still find its support at 30k to reach 38k or 40k within few weeks. I think the effect the announcement will be felt later when thing begin to normalized.
 
It's currently unstable and people are confused, they don't know if they should invest or sell, the price keeps playing between 38.000 and 35.000
yes it was highest when bitcoin got value above 42k and now its about 30 k..value is going up and down so people is not thinking to invest and they are afraid may be they will lose so wait
 
Well, in my opinion, the election of Joe Biden to the White House could have increased the value of the USDollar. So making a quick calculation, it seems obvious that, in this circumstance, the BTC / $ ratio, would tend to decrease for now.
 
Well, in my opinion, the election of Joe Biden to the White House could have increased the value of the USDollar. So making a quick calculation, it seems obvious that, in this circumstance, the BTC / $ ratio, would tend to decrease for now.
yes you are right and big investor are making bitcoin and other value up to make more profit. they are selling coins slowly slowly and may be bitcoin will go more down soon as well as other coins
 
yes you are right and big investor are making bitcoin and other value up to make more profit. they are selling coins slowly slowly and may be bitcoin will go more down soon as well as other coins
Exactly, therefore in this exact circumstance, as already mentioned, Joe Biden, could increase value of Dollar, I believe now, you too, wouldn't invest in Bitcoin. Am I right?
 
Exactly, therefore in this exact circumstance, as already mentioned, Joe Biden, could increase value of Dollar, I believe now, you too, wouldn't invest in Bitcoin. Am I right?
no my friend...i am not going to invest in bitcoin now while mostly i earned on free sites and last time i earned on hyip sites buy when corona started they started scam and i lost so be care full
 
People are selling in panic. This could also be responsible for the dip in price, since it increases the supply versus demand.
 
People are selling in panic. This could also be responsible for the dip in price, since it increases the supply versus demand.
yes you are right people are selling bitcoin because they had already in their wallet and now they are selling to get more profit . they will buy again after price goes down. so just wait to invest
 
I believed bitcoin will still find its support at 30k to reach 38k or 40k within few weeks. I think the effect the announcement will be felt later when thing begin to normalized.
Well i also hope so because the price is just growing little by little and it have not entered a clear bullish run , i just hope things get normalised
 
I don't see BTC going up for now. Since it reached $42000 it hasn't gone back to even $40000 . Two days ago, it went below $30 000. This is a sign of not not rising to $50 000 soon
yes friend ..you are right and i agree with....it may be go more down than 30000k if you are seeking a chance to invest into bitcoin then just wait and you will see it will go more down
 
yes friend ..you are right and i agree with....it may be go more down than 30000k if you are seeking a chance to invest into bitcoin then just wait and you will see it will go more down
I think this was my anticipation then but the price rise higher again , instead of falling back. , so i guess i would just have to buy along with the bullish run
 
Despite the expectations of bitcoin enthusiasts, I never saw how the announcement of Joe Biden's stimulus plan was supposed to increase the price of bitcoin. Unless they imagined that people when they get the stimulus check would use it to buy bitcoin.
 
Though still fluctuating, I think this development would further increase the price of Bitcoin, because as more people invest those checks on Bitcoin, the more scarce it becomes and inturn increases
 

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