BEARS AT WORK
Bitcoin and other cryptocurrencys has been on the rise for the past few months.there were speculations that Bitcoin will hit the $100,000 mark before the year runs out.as usual Bitcoin determines the movement of other crypto.when Bitcoin is bullish other will be bullish too and when is Bearish other will be bearish too.
From the look of thing's Bitcoin may not hit $100,000 this year because right now the bears are at work.i woke up this morning to check crypto price chat on coinbase only for me see that Bitcoin has fallen to $56,000 which is something not really expected by many.
Remember that few days ago Bitcoin reach the all time high mark of $67,000 but after some day of reaching this,it started falling gradually and I can say this morning drop in the price of Bitcoin is very massive.As at yesterday evening,Bitcoin was at $60,000 given people the feeling of testing the bullish run,but it is now obvious that it is not testing any support bullish run,it is just the bears that are at work.
From my observation more bearish run should be expected because the bears are reall trying hard to make sure that the market price is in their favour but which ever way it goes let's hope that it doesn't affect the market so much.
