Bitcoin doesnt look like dumping just reacting - Crypto & Coffee #0105steemCreated with Sketch.

in #blog4 years ago

@CRYPTOXICATE #CRYPTOXICATE $CRYPTOXICATE
Yesterday Bitcoin drop was about 10% at worst and thats something we have seen before nothing new to this space, crypto has drop before because of external situations and this was not the exception although I think part of the market is just too sensitive but just a minor percentage, its natural for traders/investors take profits after such great run for stocks on the last weeks there for they took profits but its just too early to call this a dump and that Bitcoin will fall back to $3k, I still have the scenario of $8k to $8500 in my mind but we have not seen any indication it will happen any time soon, such prices would indicate break of structure, lets see how the market recover after this minor drop

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I'm inclined to agree. I think every pull back should be bought. Potential wave 2 of corona has people spooked. Plus I'm sure many traders are taking profits.

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