Post
Topic
Board Speculation
Re: Is Bitcoin price drops is a buying opportunity?
by
Harriti
on 23/05/2020, 17:14:09 UTC
Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity?  Huh
The price decline is due to the fact that bitcoin has risen sharply from $ 7k2 and it needs to be adjusted. There will soon be another strong adjustment when the economy is now very chaotic. People are not sure if it will recover in the future, because the disease is still under control. If Americans keep high unemployment for a few more months, it will adversely affect the surrounding countries. That's why I think bitcoin will continue to fall into the future, $ 9k3 is still not a good price to buy now.