«I warn you in advance that with this post I do not want to be a prophet of disaster. It's not my style and I don't like it when I read the apocalyptic ones. But I can't rule out that possibility and that's why I share it with you."😜
The price of bitcoin (BTC) fell to the USD 25,000 line today, arousing terror in the market, after touching USD 31,640 in the early hours. After this strong depreciation caused by a wave of massive sales, it has managed to recover a little so far today. It is currently trading at $29,000, but I am afraid it will go even lower.
The reality is that the picture does not look good with the mistrust generated by the fall of UST and LUNA, added to that of USDT. Right now, the market is in a state of “panic” or “extreme fear”, according to the Fear & Greed index, which could motivate BTC selloffs. Even from whales, that is, investors who have a lot of BTC volume, such as the Luna Foundation.
In keeping with this idea, other industry players have posted bearish predictions. Something that had already been done for a few weeks, when BTC fell from 37,000, the support it had maintained during the year. Although now they have worsened, since the cryptocurrency fell below the USD 28,000 line, a price that has not been touched since 2020.
Although this is not everyone's view. Despite the fact that BTC could fall further, some hold bullish conviction for the cryptocurrency in the long term.😤
Did the bubble burst?
Do not.
Let's see friends, calm down. It is not the first time that the market has been like this and it will not be the last. What is happening is normal in a financial market.”
Stay calm, that's my best advice.
💪✌️🤙
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