Post
Topic
Board Economics
Re: Is Bitcoin's price drop to 30K healthy?
by
Mistafreeze
on 28/01/2021, 08:34:54 UTC
https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html

Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’

When people buy at ATH, they usually hold it till next ATH. This way we get more holders and bitcoin price gets support level.
Also when price fall after ATH, people start buying in the hope of making some profit during next ATH.