Beware of Fluctuations in Bitcoin Price

Significant corrections in the price of Bitcoin could lead to serious losses in the altcoin market. Investors, especially those holding altcoins that do not appreciate as much as Bitcoin, need to act cautiously by considering market signals. Investor Profitability and Price Changes The price of Bitcoin recovered in the short term, reaching $71,500. This could pave the way for some altcoins to reach new highs. However, it should not be overlooked that investors may resort to selling due to high profitability rates, which could affect prices. Following the record levels in November 2021, Bitcoin price experienced significant fluctuations. Investor tendencies to take profits can trigger price changes, particularly with closures below $68,000. Bitcoin Whales’ Movements The number of addresses holding more than 1,000 Bitcoins is fluctuating over time. These movements, indicating that large investors are converting to cash, suggest that the market has reached its peak and could mark the […]

Beware of Fluctuations in Bitcoin Price

Significant corrections in the price of Bitcoin could lead to serious losses in the altcoin market. Investors, especially those holding altcoins that do not appreciate as much as Bitcoin, need to act cautiously by considering market signals.

Investor Profitability and Price Changes

The price of Bitcoin recovered in the short term, reaching $71,500. This could pave the way for some altcoins to reach new highs. However, it should not be overlooked that investors may resort to selling due to high profitability rates, which could affect prices.

Following the record levels in November 2021, Bitcoin price experienced significant fluctuations. Investor tendencies to take profits can trigger price changes, particularly with closures below $68,000.

Bitcoin Whales’ Movements

The number of addresses holding more than 1,000 Bitcoins is fluctuating over time. These movements, indicating that large investors are converting to cash, suggest that the market has reached its peak and could mark the beginning of a downward trend.

The increased demand in recent months is deemed unsustainable, and a downward trend is anticipated at the end of this uptrend. Historical data shows that continuous growth is not possible and a similar scenario is likely to occur.

While technical indicators indicate that the current upward trend continues, it is stated that ETF net outflows or negative news flow could have adverse effects on the market and cause prices to move downwards. However, it is also noted that if the Bitcoin price maintains its support at $67,000, it could rise to higher levels.

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how to buy crypto?
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