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RE: Bitcoin crashes back below $98,000
Yeah… if you bought it at $108,000 it might be a crash
A stock market crash or Crypto crash is defined as a rapid and unexpected significant drop in price across a major section of the market, usually characterized by a double-digit percentage decline in a stock index or crypto % over a short period of time, often triggered by panic selling and signifying a sudden loss of investor confidence; while there's no exact threshold, a drop of over 10% in a major index within a few days is generally considered a crash.
0.00000000 BEE
I just call this volatility and building of market structure.
I mean, I trade for a full time living and I know the difference between a price dip and a market crash. This is not a market crash. Maybe on the 5 minute time frame, lol. But all Bitcoin is doing is building market structure. Wall street is manipulating the price hoping that weak minded people sell to them before they let the price rip again. It's a tale as old as time, well at least as long as market manipulation is a thing. I think everyone in this space is a bit too hyperbolic. Plus we haven't gone from 108 straight to where we are now. It's been a gradual drop over the last couple of weeks filling in buy orders that have been waiting on the price to come back down.
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