Common sell off point!
Once this thing is over where the market is really shaking off those weak hands then it would eventually recovers and thats what happened on the current situation
we are in where it did dip -10k and just recovered back to 50k level again.
To those who had able to buy cheap coins then they do able to make profit in a short time.Bull market is in danger? You should always anticipate
for this thing to happen because we wont really able to see a market that would be having continous rise.
So be prepared and be smart always.
20% drop in the price isn't a common thing to accept from investors point of view in general because they consider that they are in 20% loss than considering it as 20% profits missed out which makes the people to start selling their coins at any price just to make something and the chain reaction will continue the drop further. Again 3rd time the price fell I guess and it almost went to 44K and recovered to 47K at the moment.