Crypto Recovery Begins...
Japan increased the interest rate and this happened after 19 years in Japan’s history. The good thing is that this news had no effect on the market instead the market is now in recovery mode.
Everyone was saying that if the rate hike happens the market will dump badly, altcoins will drop 30%. But this did not happen and the market stayed stable and instead started recovering.
What is the reason for this? On good news the market dips and on bad news the market pumps. The big reason is that the effect of the news already happens on the market. We saw that Bitcoin went from $100K to $85K and alts dumped more than 20%.
This was the result of this news which many people did not know. But because of insider news whales do selling and the market dumps.
Meaning to say is that the reason for the dump was this news which happened before the news came. When the news came “buy the news” happened and the market recovered.
I think now Bitcoin will again touch $100K and from there we can see better recovery in altcoins.
we will see...
THANK YOU!
Leave Crypto Recovery Begins... to:
Read more #bitcoin posts
Best Posts From Crypto Analyst
We have not curated any of technico's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Crypto Analyst
- FET simple earn products
- A Good Profit-Taking Opportunity for Hive Traders
- HIVE Pumps 15% with Rising Volume
- Depression Can Be Healed Through Spirituality
- Lessons We Learn From Events Like Christmas
- Happy Christmas! A Day for Love, Prayer, and Kindness
- Bitcoin Stability and the Early Signs of Altseason
- How to Earn Passive Income with Binance Launchpool
- Know the Difference Between Spot and Futures
- Liquidity Pools Can Help You Earn Daily | Swap.hive : Colony (27% APR)
- Crypto Recovery Begins...
- Market Volatility Alert: Avoid Trading and Protect Your Assets
- Avoid Japanese Narrative Coins Until the Announcement
- Japan to Raise Interest Rate by 75 BPS Within 3 Days
- The Market Tricks Us Before Every Big Bitcoin Rally
- A Simple Hive–LEO Strategy to Avoid Losses in Bad Market News
- MSF : A Low-Risk Investment Option for Overseas Investors
- There has never been a worse time to be in crypto
- Battling this trend line for Months
- Bitcoin Forming a Short Setup