Post
Topic
Board Bitcoin Discussion
Re: Bitcoin crashed below $48K, is the bull market in danger?
by
Coinsfera
on 23/02/2021, 07:28:23 UTC
Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.
https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger
The current dip will not last long, as was the case with many other dips along the way. Yes, it was bigger than before but it is bitcoin no one knows what will happen. If we consider there is an overall bearish market in cryptocurrencies we will experience an increasing market cycle soon. BTC hit 42 and went down till 31 in near past. This time will be the same, just some reason is needed for the market to go bullish again.