Bitcoin $97,120.1 (BTC) fell below $90,000 on January 13, causing a short-term wave of fear. According to Santiment’s data, the frequent use of the phrase “90 thousand dollars” on social media was an important sign that investors’ concerns were increasing. However, contrary to expectations, this was a sign of a recovery. As a matter of fact, at the time the news was being prepared, the largest cryptocurrency was trading at $96,400 with a serious recovery.
Bitcoin’s Sharp Fall and Subsequent Recovery
Bitcoin’s decline to $88,900 on January 13 created a great shock among investors. centimeterDuring this decline, it was seen that an atmosphere of panic prevailed on social media.
Intense sharing on the “90 thousand dollars” level showed that the market was extremely afraid. Santiment underlined that in such cases, investors’ overreactions are generally considered as a recovery signal.
Santiment emphasized that this situation was confirmed once again. Bitcoin quickly recovered after the decline and regained the trust of investors with its current price. After short-term losses, the price reached the level of 96 thousand dollars once again. cryptocurrency marketIt revealed the high volatility that continues to exist in the world.
How Will Trump’s Inauguration Ceremony Reflect on the Markets?
Bitcoin’s price movements are shaped not only by technical analysis but also by global developments. What will happen next week Donald Trump‘s oath ceremony creates uncertainty in the markets. For this reason, the impact of political and economic developments on Bitcoin is closely monitored. Experts warn investors by stating that such developments often lead to sudden fluctuations in the cryptocurrency market.
Although Bitcoin’s fall below 90 thousand dollars caused short-term panic, the rapid recovery showed the resilience of the market. However, market experts warn that investors should be careful. It is stated that high volatility in the market may continue, especially until Trump’s inauguration.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
