Has the Bear Market Started? Or Is This a Trap?
Bitcoin fell nearly 4% today, losing support at $55,000 and falling to its lowest level since February 27. It is currently trading at $53,746.
Fear, uncertainty and doubt about crypto have once again increased in the crypto market, and $100 million worth of liquidations have occurred in the last 24 hours, 76% of which were long positions. To be honest, there is no real reason for such a sharp decline today because I did not come across any negative news that would affect the market, but such declines have happened many times in the crypto market, so declines are normal as well as increases. I don't think these declines will last very long and I think the recent declines are a trap and I believe that Bitcoin will regain what it lost in the future. I will not fall into the trap of those who want to buy more Bitcoin and I am not worried I just stay calm and continue to hold.
This is not investment advice, I am just writing my own thoughts. Please do your own research before investing.
I'm also wondering the same thing right now, let's see if it recovers or continues to fall.
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