With the Bitcoin price falling to $3,800, investors began to wonder if it could rise to $4,200 again. In this process, which started and continued with the decline of the Bitcoin price, investors thought about why cryptocurrencies fell so quickly and why the loss of value in the market increased in such a short time, while some investors stated that it was the right decision to leave the market by selling all their investments at the level of $ 4,200.
Bitcoin, which remained at the level of $4,200 for a while, but fell right after, did not earn much for investors for this reason, but many investors made very little profit. Stating that the $ 4,000 level is the resistance point and this resistance is not broken, crypto money analysts think that it will not be right to expect a rise in the short term and the $ 4,200 level to be seen again, and it will not be possible to see very good increases as long as the bear market continues.
As one of the factors that lowered the price of Bitcoin, the $ 4,200 level of Bitcoin sales made by investments is shown, while it is stated that the main reason is the large profitable sales that are price-breaking in the market made by large investors. It is stated that the level of $ 3,800 is not a good level to buy.