Is Bitcoin Correction Over And Back On The Road?

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Bitcoin still opposes staying above the $ 55,000 level, as Bitcoin has bounced back in value after being called down to $ 53,500.

A rapid and unexpected decline from a $ 60,000 higher to current levels resulted in an exchange of nearly $ 10 billion last Sunday, making it likely the largest liquidation in digital money history.

The justification for the huge selling is due to the abundance of news, spread of suspicion and feelings of weakness "FUD", yet it seems that the market is recovering, despite the fact that Bitcoin is far from its record of around $ 10,000, Bitcoin cash forms continue to exit the exchange stages towards individual portfolios. .

However, during a sharp market downturn, the cryptocurrency exchange Binance recorded the largest influx of bitcoin.

Bitcoin's decaying stage of exchange is a positive sign, as it systematically addresses Bitcoin's shift from premise to capacity.

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The Bitcoin meeting isn't over at this point:

The cost of Bitcoin throughout this rally showed a comparative example.

Whereas, after another peak every month, there is a sharp adjustment, and then a 3-week union period.

Bitcoin reached another record high of $ 64,000 a week ago, late by the end of the week to sell and liquidate heavily used positions.

The consolidation phase turned into a longer period with each new record high, prompting many to report the start of a bear market in countless events during recent months, however, Bitcoin returned to new record levels without fail, and then the theory emerged about its arrival to More important levels. .

The open loan fee has touched Bitcoin's other high prospects, showing a strong interest in crypto money.

Allies and Bitcoin enthusiasts accept that the opportunity to liquidate the market was nothing, given that brokers are insatiable and the auction is a bullish occasion as it guarantees weak hands leave the market.

Currently, the cost of Bitcoin is exchanged at $ 55,000, down over 3% in the past 24 hours.

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By @natalia-irish

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