Cryptocurrency market investors continue to buy by taking advantage of the declines.
Bitcoin price today $43,500 shortly after receiving the level of liquidity 42 thousand dollars fell back towards the band. On the other hand, on-chain data shows investors’ declines considers it as a buying opportunity revealed.
For a similar liquidity clearing 4 February in the eveninge $42,200 Bitcoin, which fell to the band, faced the buying appetite of investors in that region as well.
FxPro senior market analyst made a statement on the subject Alex KuptsikevichHe made the following statements about the purchasing psychology of investors:
Previously, the formula ‘what doesn’t rise goes down’ was generally applied to cryptocurrencies. However, recent sales attempts following a period of stability have been met with increased purchases. At the start of trading on Monday, there was an attempt to sell the price lower amid weakness in Chinese markets. However, Bitcoin was bought back twice on dips as low as $42,000.