Has Bitcoin started a correction?

Bitcoin fell at the beginning of the day about 4 thousand dollars, to reach the level of 60 thousand dollars, amid great anticipation from traders and investors in the platforms, to record a decline of 2% before rising about a thousand dollars to reach 61 thousand dollars.

The great anticipation from the crypto community when Bitcoin fell was not for fear of losing the $4,000, but perhaps from a new drop and breaking the 60k area, but fortunately, the Bitcoin hit the support point and returned again to $ 61 thousand to reach a daily drop of only 1%.

Bitcoin's slight rise and still maintains its level above 60k gave some reassurance to the market and some also accepted the purchases.

As for the Ethereum currency, it also fell, but a new positive point we still have is the Ethereum preservation at the level of 4 thousand dollars.

As for the rest of the currencies, they still maintain green indicators in the daily percentage, which made the BTC Dominance up to 45%.

Future look

As I mentioned to you, the simple correction did not cause much panic in the market, but it happened normally and the momentum continued to buy shares in the ETF.

If the positive news continues and the momentum continues in the social media around the 100k price, this may prompt many institutions to change their outlook and divert funds to buying Bitcoin, which will cause a significant rise.

We still have about a month until the end of this year, which will also be crucial, especially with Christmas and the beginning of the new year and new decisions that some companies and businessmen may take, but I think we are on a good path and we have a lot to achieve in the world of Blockchain, as development and projects are increasing day by day.


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