Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
There is not much to interpret since this is simply how bitcoin moves, there were some users predicting we could see another important growth during this month, but such a thing would have brought the price close to 30k, and with the halving so far away it seemed as if it was too soon for such a price to be reached, so a drop on the price makes sense, however what is surprising about the current movement is that during some minutes the 20k floor was broken, which I personally thought we have left behind for good already.
Bitcoin has always been volatile in nature so price fluctuations will always be present anytime. We could see bitcoin price pumping today, but expect that it may also dump the following day, and this has happened ever since so theres no much to interpret about it. As long as we know that bitcoins volatility happens for good reason, as it opens new opportunity for beginners and those who plans to continue to do DCA, then for me its something that everyone looks forward to. But lets see when halving starts to happen, as its always expected that bitcoin price will certainly make a good progress right after that, since thats what history has been showing us.