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Cryptocurrency discussions / Re: Why is the sudden Cryptocurrency price falling?
« on: December 06, 2021, 09:14:03 PM »bitcoin got up from last support at 39634 to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?
It has dumped already mate and i think it will dump more due to whales selling pressure on bitcoin. Even whale are trying to convince retailer investor to sell out their holding at cheap so that they can collect their all the bitcoin and later pump the market. I think this is all about the whale activity in the market mate.
So we must be careful , when to buy and when to not buy.
Yeah, we must be careful.
We all know whales always have market strategy.
When to dump and when to pump their coins.
That's the fact, We as small investors just follow them.
Caution when investing should always be present in the cryptocurrency market. And even if you have a lot of money, it only increases your responsibility and the risks that you can incur. It is very important to calmly make decisions that will be effective for profit.