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<div class="text-justify">The Bitcoin (BTC) dropped again, this time touching the support over $34,300, at the time I was writing this publication, the price had already recovered around $35,500, however, before taking a position in the market is to ask, what was the reason for this decrease? Because although some analysts believe that this new decline is mainly due to the expansion of the US dollar supply, it is also true that there is a strong current of experts who attribute this behavior to a simple lateral movement of the BTC, and in fact since Sunday, January 3 of this year, the Bitcoin entered a range, and here another concern arises: Are the recent movements of the BTC accumulation or distribution?.</div>
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<blockquote><div class="text-justify">Fig. 2 Bitcoin since Sunday January 3rd of this year entered a range, the question is In range of accumulation or distribution?. Author: @lupafilotaxia.</div></blockquote></div>
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<div class="text-justify">These market cycles currently exhibited by BTC are precisely the ideal moments to take a position, and to be able to capitalize on resources in the subsequent price movements.</div>
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<div class="text-justify">Now, from my perspective, the expansion of supply in U.S. dollars is not directly influencing the price of Bitcoin, so I believe that the current range responds to supply, to the notorious demand, and fundamentally to the enormous psychological pressure that has taken hold of recent investors, who fear a price collapse.</div>
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<div class="text-justify">In this sense, although the dollar is rising in multiple temporalities, that should only give us a point of reference just to be forewarned, but not to panic, I think our mentality should focus on capitalizing on the current range in which our reference cryptomoney is.</div>
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<p><center><h1>OBSERVATION</h1></center></p>
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<center><strong>✔</strong> The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: <a href="https://pixabay.com/es/photos/bitcoin-cripto-moneda-moneda-dinero-2643159/" rel="noopener" title="This link will take you away from steemit.com"> Geralt, 2013</a></em></center></p>
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