Why is Bitcoin FALLING!?! Cryptocurrency Analysis

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antonis.loumiotis
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Bitcoin (BTC) has fallen HARD from the highs the cryptocurrency made just a few days ago. What does this mean for BTC? How should you react? If you have any comments or questions with my bitcoin analysis and technical analysis, drop me a comment down below!

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Key Points:
-Bitcoin is inherently volatile, and extreme volatility should be expected if you want to invest in Bitcoin
-Bitcoin is volatile because of smaller pool of buyers and sellers.
-Investing in Bitcoin has inherent risks and is not a guarantee. If you invest in Bitcoin, you need to be prepared to loose because the value of Bitcoin is based on what the majority of people say its worth. Bitcoin has no inherent value.

Link (1) What is a stock:
https://www.investopedia.com/terms/s/stock.asp

Link (2) What is inflation:
https://www.investopedia.com/terms/i/inflation.asp

Link (3) Academic paper on institutional investors affect on volatility:
https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.192.6360&rep=rep1&type=pdf

Link (4) Real time trading chart of BTC: https://thestockstudents.com/tradingview_chart/?symbol=BTCUSD

Read about support and resistance levels: https://thestockstudents.com/support-and-resistance-levels-picking-predictable-stocks/

As always, before investing, you need to consider both the upside and downside risks in order to be a smart investor. In order to invest smartly, you need to manage your risks. We want you to be aware of the real risk of loss in following any strategy or investments discussed on this website or elsewhere on the internet. As always, we encourage you to do your own research to make an independent decision.

Disclosure:
I do not have any position in Bitcoin.
#bitcoin #btc #crypto

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Crypto Trading
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