You may predict BTC price using TA, you may do your own research in order to have a full picture of the market and make any actions with buying or selling, but the only thing you can’t stop doing when you are in the market — is to stop thinking before buying or selling BTC.
As per the analysis, Alistair Milne, currently, certain events happening may impact the crypto space. Like, the banks adding up more fiat to their balanced sheet, FUD, reduced volume, etc has impacted the volatility. And hence it might in turn impact on the buying and selling of bitcoin.
The BTC price dipped yet again that created more FUD among the traders in the past couple of days. This FUD may have led to mounting selling pressure as more and more traders liquified their positions. However, according to a popular analyst, Lark Davis, the dip had been a feast for the whales. As Lark Davis twittered: “This current meltdown has been mostly driven by panicked retail investors. News story after news story, most of them inaccurate have shaken the new money. Meanwhile whales have been feasting”.
According to the analyst, the current crash is due to the panic selling of the retail traders, and probably the ones who are new in the space. Adding the fuel to the fire, many FUD news like China Ban or a negative mention by a big influencer, etc may have trembled the crypto space.
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