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Experts argue that Bitcoin’s ‘very healthy’ correction ‘lays the foundation for more stable growth’ According to Cointelegraph


Experts say Bitcoin’s ‘very healthy’ correction ‘lays the foundation for more stable growth’

and the broader crypto market was beaten by the end of April 22 and sold off (BTCPrice drops below 48,000 dollars in a move considered bailout Quantitative analysts like PlanB those who worry that the price growth is showing signs of being inorganic.

A many factors has been identified as the cause of the fall in prices, including the overcrowded futures market and small to medium-sized whale heavy selling. Besides whale activity in the crypto market, the development that has the biggest impact is a proposal from the administration of US President Joe Biden to raise capital income taxes on individuals earning money. gets over 1 million dollars per year.

4-hour chart. Source: TradingView
Net Bitcoin transfers to / from exchanges. Source: Glassnode, S2F Capital
Bitcoin moves in profit and loss (MPL). Source: Whale map
Daily crypto market performance. Source: Coin360