After the long time anticipation of most traders on the result of Bakkt's rally, unfortunately it was not positive, critical observations and analysis has revealed that bitcoin has broken below both the symmetrical triangle and the descending which has resulted in a declination below the 200day EMA now. This will automatically extend the bearish market.
What a painful condition. The big investors sponsored the failure by selling out the news. How else/how well can we manage this moment,to get the best.
I think that now what is happening in the market, should be seen as an opportunity, the price is low, it is known that the potential of Bitcoin is with a much higher value. New investors and speculators are beginning to enter the market, and if by logic it is known that the best way to buy is cheap, I think it is normal what was coming. The price may continue to fall, but if you do not, you will have missed a unique opportunity to have bought less than $ 8.5K, you may react and a bullish rally will occur.
In case it keeps going down, everything is not lost, because the recovery once "Los Shorts" closes the price will recover, the offer at the moment may be at low price levels, since the market is mostly moved by people's emotions, some suffer panic attacks and sell. Soon we will be sure in a bullish trend phase, it's all about waiting, being patient.