Bitcoin has been at the forefront recently. After the price of Bitcoin reached a high of US$2,000 last week, its momentum took a sharp turn. On December 22, Bitcoin fell from US$16,000 to US$11,000 in one day. , in just five days, the price of Bitcoin fell by about one-third.
After the sharp decline in Bitcoin’s market prices, the market became divided. The price of Bitcoin rebounded back to US$15,000 on the 23rd, which was about US$4,000 higher than the previous day. However, it fell to around US$13,000 on the 24th.
(If I buy this stock, I will not be scared to death by this market... I am afraid that I will have a heart attack)
In addition to external negative factors, there are also "technical differences" within Bitcoin. As the Bitcoin community has different views on the future of Bitcoin, and one party with different opinions runs a new version of the protocol on the original basis, a "hard fork" occurs.
Bitcoin
In the Bitcoin investment circle, some speculators who hold Bitcoin believe that the recent rise in Bitcoin has been too rapid. The main reason for this decline is that the price of Bitcoin has accelerated its upward trend. The market is highly speculative and it is difficult to continue spreading flowers.
However, the current decline of Bitcoin is due to the excessive increase in the previous period. Short-term correction should be a normal phenomenon (a normal basket... If this problem occurs when I buy a stock, I will probably go bankrupt). On the other hand, the large Bitcoin holders As the year is approaching, it is just that after making huge profits, they have been selling and clearing out Bitcoin spot positions and temporarily leaving the market. This does not rule out the possibility that some investors or institutions want to short Bitcoin.
Bitcoin trend
Now a lot of funds are flowing from Bitcoin to other alternative digital currencies . Because the limit of Bitcoin is so small, if you blindly go short and long the price of Bitcoin, the person who will take over in the end will definitely They lost all their money, so now many currency holders are starting to leave.
Bitcoin
Some people also analyzed that after the listing of Bitcoin futures , the benefits were exhausted, resulting in a sharp price correction. The price of Bitcoin may reach a new high again, but what the trend will be depends on subsequent developments.
is also because of this plunge. It is difficult to say whether he can imagine that the upward trend will continue after the previous plunges. Judging from the current situation, it is uncertain, because most Bitcoins are in a small number of In people's hands, it is easy for them to control this market.
Encrypted digital currency bull market will inevitably fall into the short market, and many international financial market tasks indicate that Bitcoin’s bull market will end, and Bitcoin will likely return to its original point, plus the two major futures in the United States Adding fuel to the flames, Bitcoin may only enter a sudden plunge.
