Bitcoin’s Pullbacks and Market Effects

The cryptocurrency world has been eagerly anticipating Bitcoin’s fourth block reward halving, and leading analyst Rekt Capital has evaluated the significant pullbacks Bitcoin has experienced in recent months. Since November 2022, Bitcoin has experienced several pullbacks for various reasons. Most of these pullbacks are around 20%, reflecting the volatile nature of the cryptocurrency market. Bitcoin’s Price Movements After hitting a bottom in November 2022, Bitcoin saw a 23% pullback, especially due to regulatory actions in the US in February 2023. However, a rising trend in Asian markets helped in its recovery. In April and May, significant liquidations were observed in futures trading due to large sell orders on Binance and inflation data in the UK. In the summer of 2023, factors such as long-term investor profit realization, geopolitical tensions, and the sale of seized Bitcoins in the US Silk Road operation led to a 22% further decline. During this period, […]

Bitcoin’s Pullbacks and Market Effects

The cryptocurrency world has been eagerly anticipating Bitcoin’s fourth block reward halving, and leading analyst Rekt Capital has evaluated the significant pullbacks Bitcoin has experienced in recent months. Since November 2022, Bitcoin has experienced several pullbacks for various reasons. Most of these pullbacks are around 20%, reflecting the volatile nature of the cryptocurrency market.

Bitcoin’s Price Movements

After hitting a bottom in November 2022, Bitcoin saw a 23% pullback, especially due to regulatory actions in the US in February 2023. However, a rising trend in Asian markets helped in its recovery. In April and May, significant liquidations were observed in futures trading due to large sell orders on Binance and inflation data in the UK.

In the summer of 2023, factors such as long-term investor profit realization, geopolitical tensions, and the sale of seized Bitcoins in the US Silk Road operation led to a 22% further decline. During this period, it was also observed that investors were cautious due to inflation in the US and Federal Reserve policies.

In March 2023, a seven-day pullback occurred due to the dovish Federal Reserve policies of Silvergate Bank. This pullback was characterized by an 18% decline. The ongoing pullback lasted for eight days and indicated a 16% decline, the sixth major pullback since the market bottom in 2022, and was associated with tax season and increased geopolitical risks.

Useful Information for Readers

Pullbacks of around 20% in Bitcoin’s price movements are seen frequently, and this should be taken into account when making investment decisions.
Geopolitical tensions and macroeconomic data can directly affect Bitcoin prices.
While pullbacks can be an opportunity for profit realization for long-term investors, they can also present buying opportunities.

In light of this information, market movements should be constantly monitored for Bitcoin investors, and investment strategies should be shaped according to this volatility. Regulatory news and economic developments have the power to affect Bitcoin’s price, and reacting quickly to such information is often crucial.

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how to buy crypto?
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