Greetings to all readers of this great platform, especially to those who make life within the great community of #LeoFinance, in the present opportunity I want to share once again information about the behavior of Bitcoin in the day, today which is really making a pretty sharp movement, which is eliminating a lot of Stop loss in the market, with which we can now observe how it begins the rapid recovery of its price.
 Screenshot taken at: Coingecko |
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The bitcoin has always had a very striking and distinctive behavior in the market, it is a reality that it is the token that guides the crypto market, which is always with the highest market price and with the behavior of the same the rest of the tokens move in the crypto market, in addition to this we always see a particular behavior to make rapid movement in the market and leaving many desperate users badly.
As we already know, one of the main reasons for the crypto market is based on the volatility of the market, and this volatility really leaves out many people with their hands a little loose or with the use of what is commonly known as Stop Loss, being those automatic sell orders that they leave in a certain area in case the price drops to a dangerous area and they think about decreasing their losses in the market.
The Bitcoin today, has really generated a particular situation referred to the Stop Loss and those very volatile movements that usually generates the crypto market in the movements it makes, it is very likely that many people to observe how the BTC exceeded the price of 45k, generated a lot of purchases for those who thought that the price of the crypto market was already going, and many generating a stop loss very possibly in the area of 42k to generate a zone of caution.
Well, the Bitcoin once again did its thing, when it surpassed the 45k zone it decided to go down quickly, losing more than 4 thousand dollars in its price and thus generated a large number of leveraged outflows with stop losses, and quickly rising to an area that already generated a large profit margin, in addition to generating new comfort zones for the price of bitcoin in the coming days.
