Repercussions of Bitcoin's Fall - Manipulation or Correction?

Falling again, and this time after rising above 40 thousand dollars, where the bitcoin fell yesterday with a value of about 3 thousand dollars, and as usual, most cryptocurrencies are dragged with it as well, bringing the price of bitcoin currently to about 42 thousand dollars.

This decline comes after many traders were reassured by the market movement and that we are back to the upside again, but the corrections for the Bitcoin will not end from the rise and fall continuously.

It is worth noting that I read in one of the comments again when the price of Bitcoin reached 46 thousand dollars in the past days, as some people asked if this is a good opportunity to buy again, and the response was that there is still an opportunity.

What I want to say is that as long as some see that buying from 46,000 dollars is an opportunity, this drop is a significant reduction in the price when it reaches this price, which is 42,000 dollars, but despite that, the fear of the red color continues at any time.

Repercussions of Bitcoin's Fall

Anxiety began to dominate again in the hearts of traders after they had returned to hope, as many expected the price to exceed 50 thousand dollars, but this fluctuation remained to prove that technical analysis in the world of crypto is not very successful.

Despite this, this concern did not appear tangibly on the index of fear and greed, which is still neutral at 50, which by the way is very good compared to the numbers it reached last January.

But the impact of the decline of Bitcoin and Altcoins, of course, on the Marketcap, which fell to less than two trillion dollars to reach about one trillion and 900 billion dollars, and by mentioning this large number that no one expected that cryptocurrencies would reach, we see that the greed of traders and investors will not stop.

This decline may occur to manipulate future traders who are living in difficult times these days, and some may withdraw their profits in light of the economic conditions and the confusion that occurs on the Ukrainian-Russian borders, no one knows.

But the important thing for us is that we know the way the currencies will go in the end, whether after a year or after two years or even 4, so our investment remains in the long term.