If you're observant and have spent enough time in any given place, you'll start noticing patterns everywhere. Most of the time, this isn't useful beyond observing the quirks of your friends, coworkers, or boss. But occasionally, you can profit from it. That's what happens when you spot a market pattern. Of course, it's not without risk; that would be naive. Whenever you make an investment, you run the risk of loss. But if you've analyzed the pattern well, you can profit from it with minimal risk.
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What has happened with Bitcoin in the last 24 hours is a pattern that has repeated itself over the last 10 years. Every time there's a scandal, a major controversy, or a theft at an exchange, the market falls with the vague excuse that it's a high-risk asset. The depth of the drop depends on the magnitude of the problem, but after a while, the market always returns to its previous level and trend.
We've also seen this in the last week with Airbus and its technical problems. This has caused significant price drops, but the company will continue producing aircraft in a market with very little competition. The price will undoubtedly recover.
Disclaimer.
This is not a purchase recommendation. I am not a regulated financial analyst. Under no circumstances should this information be construed as a recommendation to buy, sell, or hold a position.
You should be aware of the risks involved in investing and conduct your due research.
The information described here may not be accurate or may change at any time, so you should always check it.