Unfortunately there were no new moves in the market. Yesterday we saw the beginning of what is happening now, which appears to be a major correction period following two very successful weeks for the digital currency.
Where the correction began yesterday afternoon. In the beginning, it looked like the small flash we saw in the wake of the big rally that came after the 13th of this month, yet - with the decline continuing today and no sign of improvement - we can now confirm that this correction period will last longer Of the past small certainly.
In light of this corrective movement, bitcoin dropped from 9,720.29 dlrs (yesterday's record) to $ 8,858.03 at the time of writing. These again decrease bitcoin by 6.06%.
This represents a decline of approximately $ 1,000 in one day, and therefore seems to be something to fear. Well, then, the high value of the equinox means that the small declines look worse than they really are. As the currency approaches the $ 10,000 barrier, we expect its value to continue to rise significantly to that point and not to fall.
We have to bear in mind that hope has not been fully developed. The faster the bitcoin goes, the more it can increase the value incredibly. Perhaps this correction came unwittingly, as a start to the next bullish movement, which is expected to take a foothold very soon. When this move occurs, we will surely see bitcoin rise above $ 9,000 again. The question will be whether, can you stay there?
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