I am not sure why the price of Bitcoin has been crashing the last 2-3 days, but there's a law in crypto that seems to have held true:
What goes down, must come back up!
Bitcoin loves defying the law of gravity and I am sure it will once again recover and soar back to new heights. The only question is, when?
I am not %100 sure when I think that this will happen, but I would assume that Bitcoin will be right back to a new all time high within 10-14 days.
There really wasn't any bad news that I could find that caused the dip, but anyone who has been following crypto for a while should have known that Bitcoin was due for a crash given it's persistent growth over the last year without many corrections. The only thing that happened was a couple of small banks saying that they would close accounts dealing with Coinbase or any other crypto and the addition of Bitcoin to the 2nd stock market futures site.
When Bitcoin is back to $20k plus, many people will be wondering why they didn't buy it up at the cheap price it is currently sitting at!
Let me know what you think in the comments.
To the moon,
As far as I can find out, there are two main reasons behind recent correction:
Also, there are always whales waiting for a perfect opportunity for market manipulation.
Agreed. Nice analysis.
Bitcoin is a boss of cryptocurrency market in the world.Bitcoin coming soon level up 1 minion dollar.
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that's very helpful post!!
thank you..
Actually bitcoin is a king of the cryptocurrency market.
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Bitcoin is unstoppable,
While I am new to this, I have read that there was a large sell of by many large player inverstors to cash out before the holidays. It seems like in any other market that can be easily manipulated by large players. While this may or may not be true, I am sure you are right in that it will come back even stronger in 2018.
Time to buy it no and no regrets later :D
its lying in the 13K to 14K margin can it go more down
i just bought some and feeling relaxed no need to worry it will go up once again