Bitcoin price drops are common in the crypto world. Bitcoin prices fluctuating more than 20% are common and this is what creates opportunities for us to buy at low prices. Then, make a profit by selling it when the price is high. So, it's best, for now, to swap bitcoins to stablecoins first and wait for the market to stabilize for buybacks.
Fluctuation by more than 20% in the price was common when the bitcoin price was low under $500 back then in 2015/2016. Nowadays it is rare to see a quick change by more than 10% in a day.
the price is quite stable and good at this time, I see frequent fluctuations of 2% in a week and pumping 5% in a week it is very normal and natural for such fluctuations, many investors are looking for profit on the sidelines between the two. bitcoin is still red at 0.51% and had fallen at 2%.
But it is still above the support level of $45k so that's the most important thing right now.
That's bitcoin for you, fluctuates every week but at the end it can go on the direction of North, meaning the price can still grow even if we have this minor dip at 1%-2% from time to time.
And now that we are entering the last quarter, it's going to be a wild ride, it's either we reach a new all time high, or bitcoin will fall dramatically, I do hope that the former will happen.