The cryptocurrency market, including Bitcoin, is known for its extreme volatility, making it difficult to accurately predict short-term price trends. The sharp decline in Bitcoin could be due to several factors, including:
1. Heavy selling pressure due to profit-taking or negative news.
2. Global economic events that affect investor sentiment.
3. New regulatory decisions in some countries.
Will Bitcoin rise?
There is a possibility that Bitcoin will rise if the following factors are present:
1. Increased demand: The entry of large investors or institutions.
2. Positive news: Such as wider adoption of the currency or easing of regulatory restrictions.
3. Technical analysis: If Bitcoin reaches strong support levels, it may attract buying and start to rise.
Tip:
Monitor global news and events affecting the cryptocurrency market.
Use technical analysis to determine appropriate entry or exit points.
Always determine the risk ratio that you can tolerate, especially with short-term trading.
