The market seems to experience a downfall days later after just about it's about to be kick-starting it's hope of rising back
Last few days we saw BTC dancing around even close to the $23k and it if not enough but breath a sign of relief though that we might not be entering the $15k region any moment from now at least for the month of September
And just as you know how the Crypto space work and the major dominance controlling other coin, most coin also experienced a run up as examples was Etc coin, the Rvn coin and many more. It sounds nice but quite Pathetic it just last for some few days though.
One thing that at times prefer me to trade Forex much more than Crypto trading is because of the huge dominance on the trade it has on other coin and as a trader, it might play a negative side to you. Imagine having making your technical analysis and making your prediction on a coin going up and you just enter the trade
And before a twinkle of an eye, as a result of BTC bleeding, it actually affect the coin to also bleed down and it goes against your analysis, that can be look fustrating you know right? I don't think there is such cases when it comes to Forex trading, I think because of that, I prefer Forex trading much more Crypto trading
Just two days later, it dropped to $20k and that is even like $3k difference in just few days. Well it might not be huge but looks quite significant. Because some coin took like 30% in loss. Imagined an investor putting all your funds in that type of coin and there was like a 30% loss, that's massive
Probably before the month ends, we might see BTC touching $15k. Yea that's just $5k difference if compared it's quite visible. If BTC can make a bleed of $3k in difference in just 3 days, imagine how it will turns out to be in $5K in just few weeks left
But on the other side, probably we can still see BTC touch $25k before the months ends. Let's see how the month ends. We can still be in for much surprises