I am not sure why the price of Bitcoin has been crashing the last 2-3 days, but there's a law in crypto that seems to have held true:
What goes down, must come back up!
Bitcoin loves defying the law of gravity and I am sure it will once again recover and soar back to new heights. The only question is, when?
I am not %100 sure when I think that this will happen, but I would assume that Bitcoin will be right back to a new all time high within 10-14 days.
There really wasn't any bad news that I could find that caused the dip, but anyone who has been following crypto for a while should have known that Bitcoin was due for a crash given it's persistent growth over the last year without many corrections. The only thing that happened was a couple of small banks saying that they would close accounts dealing with Coinbase or any other crypto and the addition of Bitcoin to the 2nd stock market futures site.
When Bitcoin is back to $20k plus, many people will be wondering why they didn't buy it up at the cheap price it is currently sitting at!
Let me know what you think in the comments.
To the moon,
