Greetings to all readers of this great platform, in the present I want to talk a little about BTC, it is very common to hear alarming news of the market today and people who comment that the market is going to 0 dollars, in addition to those who sell all the tokens purchased for fear that what they themselves profess, a reality that from my perspective is impossible to happen.
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What is a reality, is that the BTC is facing a strong moment in its economy, as its price has decreased from 67k to 36k in 2 months that began the correction that is currently presented, and igniting the alarms of investors with light hands that are selling even at a loss, on the other hand I would like to talk a little about the possible paths that the BTC may find in the near future.
Seeing the behavior of the same, with the news issued in Russia, which was the main cause of the last drop in its price, we may be facing a false break, which will only last as long as those mining machines are moved to other countries to continue their mining process and the price of BTC begins to recover attracting new investors in its accumulation zone between 41k and 46k.
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The second possible hypothesis that may be presenting itself, is that the complete correction of BTC is confirmed, which leads to the fact that its price may continue to fall, facing the worst case scenario, which is similar to what happened in 2018, which was a very difficult year for BTC and the cryptocurrency market in general, as there were 365 days of price declines, and we are currently only 2 months into it.
Assuming that this is the cycle that wants to be repeated in the current moments, more than one small investor has light hands, and full of indecision to sell their assets generating losses in their investments, on the other hand those who endure this process can come out very profitable from the battle, buying low offers and waiting for the market cycle in its entirety.
In my personal appreciation, I see very complicated that the second scenario I raise happens, I do not think that the BTC is going to make such a wide correction, that proportionally to what happened in 2018 the price of BTC should fall to $ 6,700 being this unthinkable really, since it is a currency that every day generates more and more confidence to all those who invest in it, and attracts new large investors every time its price makes a small correction, thanks for reading my article.
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