Bitcoin price free fall from $20k high recorded on January 18, dropping to lows of $8,000 today. This is creating a panic among investors.
But this is not new to Bitcoin,there have been three previous times when Bitcoin’s value soared like this — once in 2011 and another in 2013 followed by a dramatic crash.
If we observe the historical price chart of Bitcoin,whenever the price of Bitcoin took a dip, it recovered and reached a new all time high(ATH) surpassing the previous all time high.
I personally believe that Bitcoin price will recover soon once the FUD fades away and Bitcoin price will sky rocket this year.
Bitcoin is here to stay
Happy Hodling.
Disclaimer: THIS IS MY PERSONAL OPINION NOT A FINANCIAL ADVICE.
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