The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.
Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.
Chill, bro. That is what I will say to those who panic. Long time investors and traders should already have known that these small corrections should not be a cause of concern. If Bitcoin was able to reach very high prices, then we expect that this will continue for the rest of the year and is a correction happened, surely another all time high will happen again in a matter of a few years. We have seen this before and we should be patient. Unless you are impatient then go ahead, sell.