It very well may have had an impact. The market just took a nose dive while most people were expecting an upward movement with high expectations in bakkt and Bitcoin ETF decision.
And I fear that at this rate, it might break the $5800 support which it has held for majority of this year.
The best (or only) option now would be to hodl.
It seems to have already broken the $5800 support and just shot up again.i must have missed the initial crash.
You really hit the nail on the head. Everyone was expecting a very high upwards movement when bitcoin remain stagnant around $6200 and some times a little above. My prediction and plan was to invest when the was a bullish breakout but I was surprised when I opened my chart the day before yesterday and see that bitcoin is already below $6000 and as at today is now around $4500.
Holding is the only option we have as selling now is like feeding the big market players that are ready to take it as cheap as possible.
that is common, if a coin is big like for example etherum, bch, litecoin, or another is doing hardfork, then it will impact on other coins.
The end of the year is already here and we should expect recovery from next week. I believe that bitcoin might continue to go down throughout this week. The hardfork has really impacted the market negatively and those bitcoin cash guys are ready for anything.
