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.
I won't feel somehow cause some people to have the thought that the previous decline in the price of the Bitcoin market could be the end of the current bullish market because every Bitcoin halving effect market always ends it bullish when it 12months and if we calculate it, this is month is the 12th months. However, whatever happens in this year's market will determine if Bitcoin will continue to replicate the same momentum when it is in the halving market.