BTC: kembali ke $30,000
On January 21, the cryptocurrency market underwent a serious attack by bear traders. The cryptocurrency fell below the $31,000 mark. Everyone is interested in the question, how long will this last, and when will the bears hibernate?
At the time of writing this, Bitcoin is $30,300. About $3,372 was lost in a day. Many are confident that the cryptocurrency began to fall on the gloomy news from the United States.
In particular, on February 19, 2021, the new US Treasury Secretary Janet Yellen said in her speech that Bitcoin is a currency used for a criminal purpose. For money laundering and terrorist financing. Yes, we haven't heard that for a long time...
Whales are also responsible for volatility, moving large amounts of money on exchanges. The situation is so serious that even positive news about Grayscale and new institutional investments failed to support Bitcoin.
Today the BTC price fell below $31,000. In the short term, the shorts won. So far sales are in the lead. I wonder if the bulls can buy the bottom and restart the bull market?
The fall of cryptocurrencies below 30,000 will cause many to worry about whether Bitcoin can fall below - to $20,000. In fact, it is possible. Bitcoin surged from $20,000 to $40,000 in less than three weeks. Bear traders will be able to make it go in the opposite direction. Let's hope this doesn't happen!