Last few days in my mind why coin price dump?I donot understand how we know this coin price pump or dump.So looking to senior trader give me some information and share site (if have).thanks
Some experts at charting markets like the stock market can make educated guesses about the cryptocurrency markets, but they aren’t always right. This recent huge increase in Bitcoin to over $19,000 was probably not predicted by many but it was such a huge increase that I think most of us knew there would be some kind of correction. We just couldn’t tell when it would be.
Those large spikes in price are not sustainable, and there is usually a sell off to take profits. The more you follow the cryptocurrency markets the more you get used to those things happening. But it is still very volatile and unpredictable much of the time.