How you can know bitcoin dropped under 50 000$ it's 23% drop from ATH (All time High) that was something about 2-3 weeks ago. So what did happend? Let's look on it, there was few reports.
First report
First report was about taxes in USA where president Joe Biden want higher capital-gains tax rates which includes Bitcoin,Ethereum and all crypto currencyes also stocks.
Second report
How you can know from my previous article, Tesla bought Bitcoin for 1,5b$ and sold many of them, because there was 1 quarter and by that they can have bigger gains then anyone expected, which help them gain stock price up in the future.
Technic analysis now
How you can see on graph, bitcoin is going slowly up, and by my opinion now bitcoin will hit another ATH. Somewhere arround 70 000$ - 80 000$ in 1-3 weeks. Remember nothing will rise without falls.
Martin Kubíček CEO Stocks Helper (Make it simple and short not boring and long)
Disclaimer
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