Hodl (Naija)

[Karl_3000]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

[Abuobyda218]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

[cxtreenal]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

Almost all altcoins fluctuate in price with Bitcoin. You might initially think that there is a chain connection. In reality, Bitcoin is a decentralized asset, most of the alts that exist outside are centralized. They only try to be behaviorally decentralized, in reality you have to earn trust in Bitcoin and accumulate regularly.

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

[Charles-Tim]

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

Bitcoin got to almost $87300 yesterday. On the exchange I went through the price just now, the highest price yesterday was $87285. After it got to the price, it started falling which many people will expect as bitcoin price touched the middle monthly bollinger band. But let us see what will later happened maybe there would be a reversal.

[promise444c5]

~

Bitcoin got to almost $87300 yesterday. On the exchange I went through the price just now, the highest price yesterday was $87285. After it got to the price, it started falling which many people will expect as bitcoin price touched the middle monthly bollinger band. But let us see what will later happened maybe there would be a reversal.

I guess that was meant to liquidate the new short at the region but it’s normal for a  either buy or sell trend  to retest which it did that yesterday day before the decline. 

Hence, the 87k+ was also a negligible fake out .. 83.k ~ 86.k is the border resistance and it used to be a demand zone all throughout December and January before eventually crashing down real hard… If this trend doesn’t go below the previous resistance which was from 80.k ~83.k there’s possibility we rally up beyond it on the next retest…

Keep holding guys ..

[Karl_3000]

🇳🇬 ₦112,285,928.5602 ($84,591 €74,279 £63,920)

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

According to what I am seeing on the daily chart, the correction started 3 days ago and which is the yesterday when you posted this, but the correction continued the following day.

Yes, even during bull run, there will be some corrections, although I do not know if the price of bitcoin will continue to increase because I am seeing another strong resistance but at the end, bitcoin price will increase.

[cxtreenal]

🇳🇬 ₦112,285,928.5602 ($84,591 €74,279 £63,920)

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

According to what I am seeing on the daily chart, the correction started 3 days ago and which is the yesterday when you posted this, but the correction continued the following day.

Yes, even during bull run, there will be some corrections, although I do not know if the price of bitcoin will continue to increase because I am seeing another strong resistance but at the end, bitcoin price will increase.

Can you guess why this resistance has formed? I can guess a little, although I may not be right, but as I have observed in market analysis, when a market trend is feared in world trade, most investors tend to buy Bitcoin. Inflation in the world, whether natural or man-made, will probably increase alarmingly. Smart people have been able to predict it and they are showing confidence in Bitcoin. Maybe there will be some more correction but that is to give whales more opportunity to buy. Of course, I also believe that the price of Bitcoin will hit another ATH soon.