Many are looking for the reasons why bitcoin has dropped in price, here they say that it could be due to the action of the dollar, but I don't believe it, and since they think they are Releasing fake style Articles to be able to manipulate, I don't see it that way , The volume speaks for Itself.
BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K Commenting on the status quo, market participants noted the repetitive nature of BTC price action, which left the possibility for both new highs and a deeper retracement open.
“While I maintain my view that the market is due for a correction, we still can’t rule out the possibility of another attempt at the $38k - $40k range,” on-chain monitoring resource Material Indicators wrote in part of its latest X post.
It added that news on the first United States spot Bitcoin exchange-traded fund “would be a likely catalyst for such a move,” but that time was running out for this thanks to regulatory time constraints.
An accompanying snapshot of BTC/USDT order book liquidity showed sell-side liquidity building at $38,000, with complimentary bid volume only present at $33,000.
Source:
https://cointelegraph.com/news/btc-price-dips-4-bitcoin-analysis-low-liquidity-33kA stronger correction? Could it be, the liquidations? some may be Testing price limits that are above $36k.
This is another opportunity to continue buying cheap, we should not see it as a failure option as they are in many forums, some Articles , we have to be smart , lower the price? We buy , if the price goes up, we hold on and Enjoy.
Important influencers give good help to the King coin:
ChatGPT founder says bitcoin is ‘super logical’ next step for techOpenAI boss Sam Altman has labelled bitcoin the “super logical” next step for technological progress, just months after launching his own cryptocurrency.
Mr Altman, whose company launched the viral AI assistant ChatGPT last year, made the comments on a recent appearance on The Joe Rogan Experience podcast, during which he also lamented the role of government regulation in the crypto space.
“The war on crypto... that makes me quite sad about the country,” Mr Altman said.
“I think this idea that we have this global currency that is outside of the control of any government is a super logical and important step on the tech tree.”
Source:
https://www.independent.co.uk/tech/bitcoin-chatgpt-crypto-sam-altman-b2427240.htmlI don't care at all about the currency that the creators of ChatGPT have created, what I like and what keeps me going is that everyone has to agree that Bitcoin is the currency that rules, there is no other.
For lovers of technology and AI, they have to accept that things are like this, hurry up and buy a lot of bitcoin, they have to take advantage of embarking on this journey, so that the train does not leave them behind.
You must realize that things will always be beneficial with bitcoin, if you buy bitcoin and the price drops, you do not have to die, it is the good opportunity to buy more and cheaper, it is very simple.
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