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.
Are you new to the crypto market? This has been happening all the time. Just because the price dropped, it doesn't mean that it is the end of bitcoin. Look at the charts and you will see that those drops are quite normal. In fact, now is the perfect opportunity to buy for coins and make the most profit out of it.
The recent drop is due to some events like Turkey putting a ban on crypto currencies. The drop is temporary and everything will be back to normal once the FUD is over.