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What is happening with BTC today? by chucho27

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· @chucho27 ·
$32.38
What is happening with BTC today?
<div class="text-justify"><p>Greetings to all readers of this great platform, today I want to start my article by forming the title with a question, what is happening with BTC today? There are many criteria from deferent groups, some claim that an eminent correction is coming, others claim to be a false signal where the market will resume its bullish path, while some of us think that this zone can be considered as an accumulation zone, conforming its new support at 46k approximately. </p></div>
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<tr><th><p><center><img src="https://i.postimg.cc/SKt3NNS9/portada.jpg"><br/><sub> The image used is from Public Domain, Author: <a href="https://pixabay.com/es/illustrations/bitcoin-btc-criptomoneda-1813505/"> PixaBay </a></sub><br/></center></p></th></tr>
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<p><center><img src="https://i.postimg.cc/5yM050rh/separador-Hive.png"> </center></p>
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<div class="text-justify"><p>Since December 4 the BTC made the whole market retreat, with a big drop in the current market price of this coin, which is who rules the cryptocurrency market, with the drop of the BTC also drop many coins in the current market, and some projects that had not yet consolidated properly, are disappearing from the market due to the loss of value and massive sales of their tokens. </p>
<p>Due to the behavior shown by the BTC, many people sold their tokens even if they were at a loss, just for fear of the market reaction, from my perspective it is a decision that I consider wrong, mainly because it is still unknown the path that the market will take in the coming days, and ending up losing money for a bad decision is not pleasant at all. </p>
<p>According to several articles with information about what happened, it is said that 1,500 BTC were sold that day by the same person in less than 1 minute, which triggered the massive sale of BTC in the market, calculated in approximately 6,000 BTC in less than 12 hours, causing the market to show that drop in price. </p></div>
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<tr><th><p><center><img src="https://i.postimg.cc/3R46y5Nc/1.jpg"><br/><sub> The image used is from Public Domain, Author: <a href="https://pixabay.com/es/illustrations/bitcoin-moneda-cripto-divisa-poco-3227442/"> PixaBay </a></sub><br/></center></p></th></tr>
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<p><center><img src="https://i.postimg.cc/5yM050rh/separador-Hive.png"> </center></p>
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<div class="text-justify"><p>Taking this point into consideration, it is possible that already those 6000 BTC sold, the big investors have replenished their sold part, and we are now presenting a recovery in the market which is reflected with an accumulation zone, to attract more investors and continue its upward path. </p>
<p>This can be a great possibility and is very viable, so we must follow very closely the behavior of BTC in the current market, taking into consideration that it drags the rest of the market, so it is of great importance to take a position and prepare for the 2 scenarios, either a bullish or bearish market. </p></div>
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<p><center><img src="https://i.postimg.cc/5yM050rh/separador-Hive.png"> </center></p>
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<div class="text-justify"><p>The worst case scenario is that the market makes a big correction, which from my point of view I see it unlikely because of the situations raised above, being this the time to wait for the market to make their respective movements, while leaving this new area of accumulation, and in high probability continue the bull market that has been presented. </p></div>
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<p><center><img src="https://i.postimg.cc/5yM050rh/separador-Hive.png"> </center></p>
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<p><center><img src="https://i.postimg.cc/HsMh4RHp/parte-6.jpg"> </center></p>
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<center> All the images used by the Author @Chucho27 are Public Domain, in each one of them you can find the source of the image.</center>
<p><center><sub> The image used in the banner at the bottom is by the author @chucho27, made using the Canva application.</sub></center></p>
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