John_Wayne

People with glowing eyes

Short
CEXIO:BTCUSD   None
I expected bitcoin to fall, but I myself am shocked by the pace of these falls. The nature of the fall tells me that the asset is being thrown with amazing force, as if someone is saying something completely unnecessary. Nobody knows what will happen next, but now I want to look at the most cruel scenario for bulls. It is very difficult for me to explain why bitcoin started selling near 40,000. Technical analysis explains this by breaking through long-term support, which I said in previous reviews, but there is no additional motivation in the form of some fundamental reasons. The only normal explanation is that there are no new buyers, that if translated into simple language, the bubble will explode. There is a certain group of people who want to make money on cryptocurrencies, everyone who is interested in them, and they all know what blockchain is and all that in this spirit, how cool and necessary in the future, but go to the future and now no one will buy your bitcoin. Various fondies, crypto parties have collected a bunch of bitcoins in the hope of getting rich, it seems that this summer something is not going according to their scenario.
It seems to me that it is their market that will severely punish for confidence.
Now that bitcoin has fallen below all supports, it can fall further down at such a rate that in a panic, everyone who held too many bitcoins and expected 100 000 will dump some of this wealth in order to leave at least some money in case they scam it all.
Now the question is exactly whether Bitcoin is scam or not, everyone who starts to doubt will lose money on this fall, because it will be truly terrifying.
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