\”BREAKING POINT\” can emphasize the radical turn in the economy or finance of some market; it can simply be behaviors, links, and ways of thinking, habits, and performance levels in various aspects of life.
It all depends on the approach that is used to give this term.
Every time bitcoin rises or falls, someone wonders, \’how far will the cryptocurrency price go?\’ The truth is that nobody knows, bitcoin is one of the many crypto assets in a market that increasingly generates more speculation.
BITCOIN price drop
Its technology based on the BLOCKCHAIN has been seen by agents and market experts as a revolutionary method of securing operations, but the DELAYS, so to speak, in data processing, raise some doubts.
There is no single cause for the BITCOIN price drop, and THERE ARE several reasons for the crash.
One of the most straightforward explanations is that long-term investors are withdrawing the profits from their holdings, which usually occurs when Bitcoin reaches an all-time high.
The ups and downs of bitcoin are indescribable.
The most significant upward movements that BITCOIN has had are due to rumors that occur on social networks by investors who have tremendous power to influence cryptocurrency market movements due to how vulnerable and volatile they are.
Since January, bitcoin began 2021 without abandoning its bullish streak until March, going from $ 34,000 to almost $ 59,000. This was since 2020 closed with great opinions from great experts and billionaires on Wall Street.
The upward trend continued during the first months of 2021, allowing more institutional actors to be exposed to bitcoin, such as PayPal and Fidelity, which made movements in the cryptocurrency, at the same time that companies such as Square and MicroStrategy introduced the currency in their balances.
Between April and June: bitcoin plummeted from $ 64,000 to less than $ 30,000. This break was attributed to China\’s decision to ban financial institutions and payment companies from providing services related to cryptocurrency transactions.
Also contributing to this collapse were statements by Tesla executive Elon Musk, stating that the US electric car maker would not accept any more bitcoin from customers to sell its vehicles.
The fall of BITCOIN caused a phenomenon known as the \”DEATH CROSS,\” which dragged a crash of the entire cryptocurrency market. In simple words, the death cross is formed when the average price of the last 50 days falls below the average cost of the previous 200 days.
These statistical analyses and terminologies emerge over the days by observing the behavior of Bitcoin and cryptocurrencies, making them more particular and unique every day.
Speculative markets & Stockholders
Stockholders must be pulled out of global speculative markets, concerned that an ebbing tide of stimulus from central banks could spell trouble, putting bitcoin and the crypto universe under this potential risk.
Although For bitcoin, in general, there is \”NOTHING WORRYING AT THIS POINT\” because the outlook for the digital currency remains \”UPPER\” to the US $ 50,000.
In 2021, bitcoin moved on a large scale alongside unsafe assets and US stocks its breaking points, point to BITCOIN being in a consolidation phase and appears to be reacting to the overbought condition in the short term to prepare for 2022 that augurs the best breakpoints as a positive transformation of the digital currency par excellence.
Although the breaking point can represent a break for many people or be seen from an opposing point of view, from the moment the BITCOIN was created, ALL THE BREAK POINTS that have happened only point to global advantages and benefits.
Although it is such a volatile market and from a vulnerable point of view, more and more people are betting on this type of investment.
There have been extremely high points and breakpoints strong enough to scare any investor. Still, the reality is that Bitcoin will not stop appreciating until it reaches its expected maximum point.
The limit of Bitcoins that will be issued is getting closer and closer, which indicates that its price may not only exceed 100% of its value, but it can reach up to five times its value. It’s time to invest, use bitqh and don`t lose the opportunity.