Market Overview: Concern During ConsolidationContinue reading on Coinmonks »Market Overview: Concern During ConsolidationContinue reading on Coinmonks »
Bitcoin’s “Death” Revisited: What the Media Isn’t Telling You
Market Overview: Concern During Consolidation
Dipanshu Chaudhry
10 min read
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Once more, Bitcoin finds itself at the intersection of skepticism and speculation.
It is currently consolidating at about $113,000, a number that has generated contentious discussions on social media and in newsrooms.
According to some observers, the rally is over. Others maintain that the market is only taking a breather before the next significant upward leg.
Mainstream media sources, however, have resorted to a tried-and-true strategy: “Promoting FUD (fear, uncertainty, and doubt).”
Headlines foretell “Lost Confidence,” “The end of crypto optimism,” and catastrophe. Throughout every dip since the beginning of Bitcoin, the same stories have been told.
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