Do you panic now as the market plunge after Amazon denied accepting Bitcoin payment?
I don't know if it is true or false but there are many people who said that it was fake news that Amazon accepted BTC as payment. Just a few hours after the announcement, BTC plunged down to 36,000 from the 40,0000 peaks.
However, we have to look back at the huge pump announcement by three big guys on Crypto( Elon, Jack, Cathie) on Monday 20 July 2021 when BTC was trading at 29,300 around.
As for me, we have not panicked about the current market(pullback) movement till the middle of August when BTC and the whole Crypto markets updated the supply to go back to the demands, when it comes to crypto it happens almost all of the time every month. I mean we are bull yet till the middle of August if the buy button has been clicked on Monday 20th, 2021.
This is an educational article, not financial advice.
Happy trade everyone.