There is just too much buying pressure on bitcoin for it to more than just wick to the downside every now and then. As the Spot Bitcoin ETFs doggedly take huge chunks of bitcoin off the market, and banks and pension funds look to join in, there is only one direction – and that’s up.
$10,000 wipeout
It was only two days ago that bitcoin went into a tailspin, losing as much as $10,000 in the space of 24 hours. Many investors and traders were probably ashen-faced as they watched their investment come crashing down.
Welcome to the world of crypto! Such volatility happens from time to time, and to be perfectly honest, it flushes out the weak hands, and those who greedily pile on the leverage.
Also, look what happens. The price comes right down past what might be expected, and when many think the game is up, that appalling red candle turns into a wick, and two days later we are nearly back to where we started. Rinse and repeat at some point further down the road.
However, for
We współpracy z: https://cryptodaily.co.uk/2024/03/bitcoin-buying-pressure-means-up-from-here
