Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.
Bitcoin went through what called the market correction in the late December 2017 that causes bitcoin to lose up to 45% of its original value. Whenever the bitcoin hit the highest point - the apex! the correction normally comes in to balance the bitcoin price in the market and give others the opportunity to buy bitcoin at lower price. Thankfully, the bitcoin is finally recovering very strong from the recent correction and soon bitcoin will be out of it and head directly back to the moon.