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Author Topic: Bitcoin touched 69k but drop roughly 12% within half day. What do you think  (Read 697 times)

Offline Litzki1990

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    500 Posts Topic Starter Karma Good
It's normal for the market to have ups and downs but the last few days the bitcoin market seems unusual to me because the last few days the bitcoin market has fluctuated abnormally. The kind of volatility that the Bitcoin market has experienced in the last few days is usually the kind of volatility that I feel in the market for ALT coins. However, although there is a lot of volatility in the market, the market is currently in a very good condition and the market will definitely try to create a good support in this condition. In this situation, if a good support is found, the price of Bitcoin will struggle again and there will be a possibility of increasing the price of Bitcoin again.

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Offline EthereumDev_

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yes, that's right, it will definitely rise and as we can see BTC touched the price of 71k, a very extraordinary achievement in my opinion BTC got a new ATH before the halving
Halving does have a big influence on Bitcoin price movements, however you need to know that after the halving which occurred several years ago the price will fall quickly and one year later the price of Bitcoin will rise again accompanied by an increase in Altcoin prices.

 

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