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Gate Square New & Returning Creator Rewards are ongoing!
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#Do you think the correction comes to an end? Correction:
Bitcoin may experience a correction in the near future and could fall towards $50,000.
Reason for correction:
Profit taking: Investors may want to lock in profits after a period of price increases.
Institutional sell-off: Some institutional investors may put downward pressure on the price to buy more bitcoin at lower levels.
Economic factors: Global economic factors, such as inflation and rising interest rates, can affect the price of cryptocurrencies.
It is important to set your stop-loss order at the right level to protect yourself from big losses if the price drops.
For Alts: When prices are high, it may be wise to make some gains, especially if you think a correction is coming.