Crypto Market Is Going Down...

Again, Bitcoin has dropped and the major resistance level, which was 40,000 dollars has been shattered and this 40,000-dollar support was a strong support line for Bitcoin.

And usually, when bitcoin comes to this level, it would bounce back but the negative news and fear in the market made bitcoin dip below forty thousand dollars.

Right now, bitcoin is trading around thirty-five thousand dollars and still, bitcoin is not stable, and the market might still go down.

There are actually a few reasons why this is going on so, I’m going to cover that, and I’ll tell you what to do next? Read carefully guys this news is coming from Russia.

In Russia, they didn't ban crypto this central bank just proposed a blanket ban option the central bank is telling that the crypto market has a huge volatility and this is not safe for the people financially.

I’m telling you again they have not banned, this is just a request to ban. Now let me tell you something, Russia is a big player in the crypto market. Millions and millions of people in Russia have invested in crypto.

This matters a lot now the second news on why the market has become weak? because of Covid. This new variant came and it's spreading all over the world like crazy. Many countries are choosing lockdowns so, there's fear among people on what happened next so people as in precaution they're withdrawing funds from crypto and the stock market and they're investing that money on real estate or they're keeping it in banks.

And along with this the people are also losing jobs all over the world and the inflation rate also is very high and along with this, there are so many other small, small things that are suppressing the market. Now, what will happen from here?

Bitcoin is still not stable, and the market is also getting cold. So, if the market stays at one point or if it goes down people usually get fed up and money will just flow out of the market. There are still chances where a market could go down again.

Now seeing all this should you be worried or not? I’ll tell you openly, there's nothing to worry guys I know if the market goes down your portfolio will also go down. And it's so irritating to see that this market crash is not permanent, very soon it will be over and it might take little time.

But definitely, the market will pump, yesterday when the market crashed, I bought Ethereum now why did I do that? it's not like I want to waste my money. It's because I believe in crypto. I know many of you are not new to crypto and I know that you're holding crypto for a very long time. Just be patient and hold it for a little bit longer.

And yes, there are people who are new to crypto, and I know that you're panicking. At any cost doesn't sell your crypto, if you panic and sell now then you're done you can't recover your loss. The only thing which you should do is wait patiently, and guys those of you who are holding crypto for a long term, then this tip is an opportunity, and guys I know that some people will disagree, but no one can stop bitcoin.

It might crash here and there but in the end, no one can stop bitcoin. Definitely, after a few years, bitcoin's price will be in crores and the prices which you're seeing now will be a dream. I know that you're irritated because your portfolio has gone down. Everyone's portfolio has gone down even mine also has gone down so, the only thing which you can do is wait patiently.