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❕NEWS Reason of Btc's Recent Dump

CrazySher

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After so many good news Bitcoin bounced back and countinued it's progress, but after the recent news it dumped again.

The first one is The Indonesia's Central Bank banned the use of crypto currency for payments

And the second one is btc recoverd but still the people are in the 'fear' range according to the Crypto Fear & Greed Index. So, they are not investing a lot.
 
It is back in Action and now things are in growth mode you need to have patience to watch the success from here on to be honest Actually
 
It's because the whales want it to happen.. so they can buy more cheaper.. there's a time when you just need to harvest your profit and start over again.. one or 2 whales do this and people will panic
 
After so many good news Bitcoin bounced back and countinued it's progress, but after the recent news it dumped again.

The first one is The Indonesia's Central Bank banned the use of crypto currency for payments

And the second one is btc recoverd but still the people are in the 'fear' rgange according to the Crypto Fear & Greed Index. So, they are not investing a lot.
I can see that one of the reason that BTC dump is that there are many attackers from different angles which makes many investors drew back from Btc.
 
The fear index for now is neutral ,I really hope the price could recover fast and no negativity us published that will affect the market more to a large way
 
I think the reasons listed are just part of the so many reasons people can come up with, ranging from the China ban to Elon Musk's stand as regards Tesla's acceptance of bitcoin.
There seems to be so many reasons thst sounds reasonable but I just think it the mode of operations by btc. It is pumped today and increase while in others time it is dump nothing is static with it.
 
It is the price correction that has been made die to big investors selling their coins secretly and moving them out of the exchanges to keep prices stable .
.
 
It's starting to stable around 60,000 USD mark. It's normal for speculative currency like crypto to go up and down. Even forex and stock can boom and bust.
 
Yes its right you can never see the amount of trade that's taken agout everyday when you see a down trend so that's the thing that you need to be looking at tbh
 
There seems to be so many reasons thst sounds reasonable but I just think it the mode of operations by btc. It is pumped today and increase while in others time it is dump nothing is static with it.
Volatility is what makes trading Cryptos profitable bit one has to be on the look out for the degree of volatility so as not to get burnt. The price hardly remains the same for more than a couple seconds.
 

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