Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
Are you nervous? Don't be nervous just because the price went back $300. It's now trying to recover, just expect when there's no movement of price and it became stable for a couple of days or weeks next movement will be down. And this is good for those investors that wants to buy bitcoin as they will be given a chance to buy with smaller price.Well , it went down to 2284 on bitfinex so that's more like 700$
That's a big bullish move but currently the price of bitcoin now is trying to make a new floor. I think we are already on the safe haven of $2,500 as the new floor price of bitcoin. And the price now is good and playing from $2,690 - $2,720 and it gets higher from time to time. So there's no need to worry with this normal move.