I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
The decrease in bitcoin from $58k to $55k is still considered natural and has no effect. The $3k drop is only a few percent and it happens every week. Bitcoin, including a volatile market, often fluctuates in market prices, so this is nothing to worry about.
That's right, a few percent decline in the price of bitcoin often occurs every week and we shouldn't panic or think that this is the end of the trend of rising bitcoin prices. Therefore, I think while the price of Bitcoin is going down, it can actually take advantage of this momentum. After buying, then storing, and selling when the price rises or re-penetrates its highest level as in a few months ago, where Bitcoin had broken through ATH. We can also use the moments of the last few days to improve our portfolio.