Correction or Fake Bull Wave

It seems that the green color does not last long, after the optimism that prevailed in the market and approaching the 50k level, the bitcoin began to decline dramatically since yesterday, after losing about 4 thousand dollars, down about 1.5%, but this is not what really worries.

We are very used to this scene after any rise, there will be a little decline after that, as most currencies tend after the rise to the correction, but as I said, this is not what worries me, I mean here the simple correction, which does not exceed 2% or 3%, but perhaps what we receive is that The previous wave is just a Fake Bull Wave and we are back in the bear market.

Despite this, we cannot judge now, perhaps by technical analysis. I read on several sites that the price will head again to the 30k areas, but I do not trust much in this analysis, as I believe that there is some manipulation in the market from whales and major platforms in order to strike the future traders who I do not advise trading it at all.

On the other side

Most of the Altcoins fell by almost the same percentage from about 1 to 2%, but not all of them. There are some currencies that violated the rule, led by ADA, which rose about 4% to reach the third place successfully. Also, Terra coin, which jumped a big jump, with a rise of only 27% today, as well as ICP Which also rose 12%.

Which made the Marketcap not drop much due to the decline of Ethereum, which reached 1.92 trillion dollars.

As well as making the BTC DOMINANCE drop to 43.8% to give hope for the modern emerging currencies to be largely independent and to abandon the associated dependence on Bitcoin.

Finally, with the end of the trading week, the decline of Bitcoin is not a very bad sign, as we wait for a new week and hope that what happened is just a simple correction followed by the completion of the journey to reach New ATH again.