Crypto community has been recording a great rise in prices in the past few days. Everyone has been saying the bull run has come again until this night when the prices of all the major cryptocurrencies. started falling again. Can this price fall be a Dip or the dump.
Just because we had a dip doesn't mean that we will continue to dip again. We have seen so many dips in the past that ended up with a correction and recovery to a higher level, same will happen once again, I do not believe that we would end up with anything specific that would hurt us in the near future.
Sure it is not 50k anymore like what we assumed it will be like, but that doesn't change the fact that it is not something that is like 20k neither, it is only 47-48k and that is very close meaning that it will be doing fine in the near future, just like how it was 48k and dropped to 44k and went up, same thing. Long term trajectory of bitcoin is 1+ million dollars, no idea when but it will happen, and we are just at the start of that run.