Dump And Dump | Just DUMPED 💔

Assalamu Alaikum,
Volatility is nothing new in the world of cryptocurrencies. But when a major currency like Bitcoin faces a major decline, it is natural for investors to be concerned. The chart you provided right now indicates such a situation—captured in the title as ‘Dump and Dump’.

As you can see from the chart, Bitcoin (BTC) has been showing a strong downtrend recently. Where it was trading at $117,000 or more a few days ago, the price has now reached near $109,000. This is not just a minor decline, but a clear signal that the market has broken through an important support level.

The three moving average lines (MA 7, MA 25, MA 99) that appear on the chart are all above the price. In particular, when the shorter-term MA lines (such as MA 7 and MA 25) cross below the price, it is a strong predictor of a bearish trend. With the price currently below the three important moving averages, investors are expecting a bigger drop.

The term 'dump and dump' usually refers to a situation where the market repeatedly falls, and even a small rise leads to a bigger drop. In such situations, many people panic and sell their holdings, which further accelerates the decline.

In these volatile times, it is important to make decisions with a cool head, not with emotions. Experienced analysts say that if this level, which is near $109,000, cannot be held, the price may fall further. However, remember that the crypto market is very risky. So, do not make any hasty decisions, but carefully monitor the market movements. It is wise to be aware of the risks of each investment and only invest money that is within your means.

We will have to wait a few more days to know the answer to when this situation will change.