Billy Marcus tells the market to become bullish again and has some degree of success
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- become bullish again for no reason
- not so magical
Bitcoin still moves in rangebound, which seems unbreakable for the first cryptocurrency that has already tested the upper and lower bounds of the range three times, which is why Dogecoin creator Billy Marcus Asked Market to become bullish again. He was and succeeded – approx.
become bullish again for no reason
In his tweet, the creator of the first Memecurrency asked the community if it could be bullish once again for no reason at all. In the hours that followed, bitcoin suffered a massive spike and reached $41,500 at first with no signs of doing so.
can everything speed up again for no reason
— Shibetoshi Nakamoto (@billym2k) 16 March 2022
It is almost certain that the creator of memecurrency had nothing to do with the price performance of the first cryptocurrency, but the coincidence delighted Marcus’ clients as the short-term pump happened almost immediately after the post.
not so magical
Marcus later responded to his own tweet and request, but unfortunately for him and millions of other crypto investors, Bitcoin failed to stay above the $40,000 threshold and bounced back once again.
According to various market tracking services such as CoinGlass, over the past 12 hours, orders worth over $140 million have been eliminated from the market due to both the rapid recovery and the rapid decline of the first cryptocurrency.
As TradingView’s trading history shows, the rise to $41,500 lasted less than an hour as the first cryptocurrency bounced back to $39,500 during the next hourly candle, bringing bitcoin back below the above range. Gave.
At press time, bitcoin trades at $36,614 and has managed to rebound some of the recent losses. Unfortunately, digital gold still moves in relatively small amounts.