Is someone worried about the recent decline of BTC? Don't worry, and it won't lose BTC's momentum in the future. A new report from Whalemap shows the largest cluster of whale coins in the range is 120,000 BTC at $ 58,000. As such, the lowest price can drop now at $ 52,000
$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3
$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3
There's nothing to worry about here. Bitcoin has been doing good and will most probably increase a lot in near future.
It's good to have such corrections as it stabilizes the market a little and gives opportunities to new buyers to get in.
Also, I have done a little analysis on my own and I think bitcoin will be increasing from this point.
I can already see the necessary details in the below chart indicating a small pump in bitcoin's price.
Good point, allow new investors to join in and buy those cheap coins inside the market. Most of the time those uneducated traders reacts against the situations, not even bother to deal with much deeper research before taking their actions.
Which leads them to a regretful decision once the market start to bounce back and recover, long term investment is the sure deal with Bitcoin, seeing those acceptance from different line of business and attracting more institutional investors create a much stronger future for this investment currency.