We saw a healthy correction in the market today

Welcome back,

In today's blog we will talk about the market movement we saw recently. We saw bitcoin coming down to $40000 and it was trading at $44000 so that was almost a 10% drop and now we see bitcoin near to $42k again.

I will call this a healthy correction that came without any negative news, It surely effected the rest of the crypto market as well. We saw hive going below 35 cents and that means we have not seen it breaking the 40 cents resistance for now.

Above is the chart for bitcoin in last 24 hours. Few exchanges like Mexc recorded the 40k price point as I mentioned at the beginnig of this blog though coingecko shows us different recorded data.

Check that out.

I think we will see the market going up, there was no bad news. There was a quick liquiation of around 150 million dollars but that too is not enough to effect the market at this level.

I bought around 1400 hive recently and even though I am in loss I will not panic as I trust Hive. I will hold them with me in the liquid form and trade them once the market comes back up.

The market will probably show us a positive move for few days and then we will see the blood bath. That is my prediction considering the month of december and last eight weeks straight dominating performance by the market.

I wil close by sharing the top 5 coins above, don't consider USDT and see the rest. We will see them trace back soon, I predict to see that happen in next two to three days of time.

Thank You