Why$BTC Going down
The recent downward trend in Bitcoin prices seems to be a sign that those early investors have cashed out after the surge from $15,500 to $73,700. But don’t panic, sisters. This price adjustment is actually a normal phenomenon after Bitcoin has risen so quickly.
Interestingly, compared to Bitcoin, the performance of altcoins is relatively good, as if funds are flowing from Bitcoin to other players in the market. When Bitcoin stabilizes and finds its support point, I guess the price will hover between $60,000 and $72,000.
And yes, this round of#mergersmight give #Ethereum(ETH) a chance to shine, especially if it gets a chance to get an ETF approved. Think about it, after Bitcoin’s halving in April, will ETH also have a big move in May?
Speaking of the range of Bitcoin USD, driven by the excitement of ETFs, it may break through the $5,000 mark and set a new record high. The surge in ETH prices may bring more confidence to the entire market, allowing high, medium and low market capitalization altcoins to receive more attention, and perhaps even start a carnival season for altcoins.
So, sisters, we still need to stay calm and patient during this period. After all, the general trend of Bitcoin and altcoins is still upward. Don't let the operations of those whales scare yourself, and pay more attention to the long-term value of our investment.
