Market has been uncertain for the past few days, but the last two daily candles have at least been green. Still, I do not feel threatened by the market movement, as the Bitcoin pullback to 75k might be troublesome for many, but not for me, because I think the market is taking a healthier correction.
Yep. Volatility raises and most crypto coins tend to drops their prices. But this decline is normal, we shouldn't feel worried. The correction is needed after market experienced an uptrend for few weeks. Many people may have taken profits, they are waiting for a big correction to buy again. In May 23, Bitcoin price has been around $74, it was below $75k. Now, it is raising a bit, it is around $76k. People may already start buying again, so the demand is raising in the market. This triggers the increase gradually in Bitcoin price.
What do you think about the current market movement? I think Monday is going to tell us more, because the ongoing meetings between the USA and Middle East countries will definitely end up with a ceasefire as far as I think but if not then we are seeing the market hitting at least $74k or maybe lower but for now, I think it is in a healthy consolidation phase.
There is nothing wrong with the market movement, it looks very normal. If there is no bad thing happening, I think Bitcoin price can try to reach $80k again. However it may try to drop below $74k if we have bad news/issues anymore. Well, let's see what's happening in the next few days.