In recent months, the crypto market has been under enormous selling pressure. Making the crypto market in a very significant decline. But actually this cannot be an indicator of a form step from several tactics such as, sales tactics, limited offer tactics, aggressive sales tactics, to marketing techniques and peer presure sales.
Basically, selling pressure often occurs due to negative sentiment in market conditions towards an asset. It is often the aim of the situation that many investors sell their positions.
With selling presure conditions, it is indeed a goal where it can provide benefits from falling prices. So that it can reduce the existence of a large risk or can also take advantage of previous positions.
Currently Bitcoin is indeed the main indicator of the existence of the crypto market. So if taken in a straight line from the selling pressure conditions that occur, then the current prediction has several possibilities. Whether it will be at the level of the $50k range or still continue to $40k.