Prețul Bitcoin scade cu puțin peste 42,000 USD pe măsură ce intrările de schimburi continuă să crească

Bitcoin price fell to a 3-month low earlier today retracing to $42,000 level which many believe was caused by Elon Musk’s recent Twitter meltdown, however, the price soon bounced off to rise above $45,000 as the total correction since last month high reached over 30 percent , the biggest correction this bull season. While many Bitcoin proponents believe the recent market shakeup is not out of the ordinary, the unusual exchange inflow continues to rise which might indicate another bearish downtrend in the short term.

BTC Price Dips

Elon Musk’s late Sunday tweet sent Bitcoin (BTC) and the entire crypto market into a tailspin, with the latter losing over 10% in a flash crash. Musk’s most recent tweet has once again helped to keep Bitcoin losses to a minimum. Following Musk’s confirmation, the price of Bitcoin jumped by $2000, from under $43,000 to near $45,000.

Bitcoin a scăzut cu 20% de atunci @ElonMusk a început să posteze rahat.

Și te întrebi de ce unii oameni sunt supărați? 🤔 pic.twitter.com/WDMvcptFsK

- Arhiva Bitcoin @ (@BTC_Archive) 16 Mai, 2021

Clearly, Elon Musk wields a lot of power over Bitcoin and the entire crypto room. Bitcoin critic Peter Schiff questioned whether Bitcoin is a “safe-haven asset” or a “store of value” if a single tweet would cause investors to panic. Elon Musk has reported that Tesla has not yet sold any Bitcoin. It doesn’t rule out the possibility of a sale in the immediate future.

Notwithstanding this development with BTC price action, many Bitcoin advocate are calling for investors to buy the ongoing dip. Bitcoin veteran like Anthony Pompliano said that they are buying the dips amid all the FUD.

Am cumpărat baie.

Iubește FUD-ul.

Mulțumesc.

- Pomp 🌪 (@APompliano) 16 Mai, 2021

CEO-ul Binance, Changpeng Zhao, de asemenea scris:

„Bitcoin / cripto nu s-au schimbat. Nu le pasă. Există întotdeauna fluctuații pe piață, din toate motivele. Puteți da vina pe alții pentru ceea ce publică (libertatea lor). Sau puteți profita de oportunități. Nu sfaturi financiare ”.

It is also important to note that the current Bitcoin fear and greed index has dropped to 27 suggest a major fear in the market. According to  market analyst Wu Blockchain, however, this is much better than the fear over the last few weeks.

“The current BTC Fear/Greed Index is 27, which is in a state of fear, but it is a increase from yesterday’s index of 20. The BTC Fear/Greed Index on March 13 last year was only 10, and it remained below 20 for nearly two weeks,” he scrie.

Articol asociat | Acest manager de fonduri cripto susține că scăderea Bitcoin a fost „capitulare”

Exchange Inflows Surge Despite Price Crash

Ki-Young Ju, the founder of crypto analytical company crypto quant and a well-known crypto analyst, has warned traders to keep their leverage low and stop longing Bitcoin in the coming days, citing the increasing exchange inflow.

A similar unusual exchange inflow was reported on Bitfinex just hours before Elon Musk declared that Tesla would no longer accept Bitcoin payments due to environmental concerns, prompting a 10% correction in the price of the top cryptocurrency.

Although many people blame Musk for the recent sell-off and corrections, Bitcoin advocates argue that the 200% increase since the beginning of the year has come at the expense of 10% to 40% corrections.

Articol asociat | Lecția învățată: Profesorul pierde economiile de o viață din cauza înșelătoriei Bitcoin Elon Musk

Imagine prezentată de la Pixabay, Diagrame de la TradingView.com

Source: https://www.newsbtc.com/news/bitcoin/bitcoin-price-dips-just-above-42000/