But what's normal price anyway? We can just be expecting a stagnant price or a price correction, as the speed at which the price used to move up was shocking to almost all. Let's see what the market turns out to be in the coming days, but I don't think there will be much negative price decline.
I think it's sideways and a little pump and dump then slowly goes down. Because of this situation, many traders and large investors are also confused about the current situation, a lot of news appears and then after a while it turns out that it is very different from reality, aka fake. The confidence that has been formed as a result of the good news that comes first makes some people complacent, because the price action is rising rapidly here and many BTC shorters are experiencing liquidation and large losses, making them also doubtful and afraid of losing more funds if they place a short position, so Therefore they choose to remain silent or take a long position. Then it was hit with the news that the good news was fake and manipulative so this created great confusion in the market, therefore the market still tends to be stable and has not shown a very fast price correction. They are still waiting for the whales to come out, I'm sure if the whales come out and lots of whales go short there will be panic selling and cause the market to crash more quickly. It seems like someone is still holding back or there are still plans to make a similar incident happen in the next few days. Be careful that FUD will come out suddenly, the Fear and Greed index also indicates that we are in a greed condition.
At this moment, I hope I have some buddy from the SEC department. Haha.
Insider huh? I think this will really help us to printing money overnight 🤣
This explains why the pump seems to have been ended for now, but it doesn't explain why it's not dropping fast back to under 30k.
So it may be something more. I'd wait a little before drawing any conclusions. Clearly, the expectations seem to very high atm, so a short cool down is not that bad.
Wait and see. A decision that is not hasty will produce good results. There are many reasons why prices don't fall quickly, I explain a little in my post here (top)
~snip~
Just keep finding your comfort zone in this space and avoid running after a green candle, there is a big chance that they plan to dump the market even more, but to be on safer side it's better to be prepared for any thing,
Correct. Follow the Trend!