Nowadays, there are more and more people involved in this crypto affair. It's confusing and it looks like the tattoo is on. invites you to read it below.
On September 23, 2021, two days ago at the time, I am writing this article, the CEO of Twitter announced that the Twitter network he had created would accept Tips via Bitcoin. ‘Bitcoin’s rise from 39,500 to 45,000 when there was a huge drop from 52,000 resistance on September 7, 2021, this number one Crypto and most followers.
But on September 24, 2021, there was a ban on the use of Crypto in China, which was issued by the Central Bank of China. This caused Bitcoin to fall from the 45,000 resistance to down to the 40,600 Support again on the same 24th of September 2021. This is not the first time this ban has been imposed in China but it has happened too often. This already happened on May 19, 2021, which caused Bitcoin to plummet from 42,000 to around 29,000. Before that, it had always happened. So it seems that this ban no longer bothers people but every time there is a drop, people always buy. Because people hope that this crypto will bring a bright future in their lives. Blockchain technology and the use of Crypto (Mass adoption) will cover the world.
In my personal opinion, this ban is just FUD in the crypto market. The Chinese people are among the most Crypto lovers and this ban is part of the reason for the rise in the market as many people buy it at 39,600 dips. Will crypto go up or down? since the invention of crypto nearly 12 years ago, buyers and HODLERS have consistently benefited.
In conclusion, I just want to draw your attention to the fact that, whether the market is going up or down, it is always good to do some research before making an investment because there are already a lot of manipulators. But when you have the experience and strategy, you are not even trapped by them.
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