In the last 24 hours, the price of Bitcoin attempted to break below $9,270 in a rapid sell-off from $9,400 to $9,240. Immediately after it hit $9,240, BTC bounced strongly to as high as $9,450.
What’s next if bitcoin breaks $9,270 ?
If you are a long time holder then it's 1 BTC = 1 BTC :-D
Anyway, I think it does not matter if it breaks $9,270 and fall all the way to below $4k or see a new ATH as long as you are not a short time trader.
Here is a weekly chart and I do not see any immediate danger yet.
@eskider first of all this thread belongs in the speculation section so I would recommend you to move it there, secondly a drop of $200 is not a major reason for us to worry, as we have seen drops of $1000 and yet we haven’t sold our coins.
@Royse777 you’re absolutely correct that if one buys bitcoins then they should buy it for the long term, and further they should not be effected by the short term fluctuations happening in the crypto market.
Source:
https://www.forbes.com/sites/oluwaseunadeyanju/2020/05/11/bitcoin-halving-unlikely-to-drive-btc-price-higher-in-the-short-term/#623f74595bf0