Bitcoin dumps 20% in 12 days, Legendary analyst says it is good time to buy Bitcoin
According to a legendary crypto analyst, it is a good time to purchase some fraction of Bitcoin because the current discounted price will not remain available in the coming weeks.
The current trade price of Bitcoin (BTC) is $41.6k & this trade price is 1.12% down over the last 24 hours’ trade price.
Today Bitcoin was trading at a trade price of $40.7k & this trade price of Bitcoin is 6% down from the period before the approval of Bitcoin spot ETF applications by the American securities regulatory body.
So all the people who were looking to purchase Bitcoin at a discounted price, before the approval of the Bitcoin spot ETF, now have a better chance to accumulate Bitcoin.
A popular crypto analyst Michael Van De Poppe also shared his opinion on this Bitcoin correction and said that a 20% downfall in the trade price ($48.5k to $40.5k) is a good chance to buy Bitcoin.
On 20 Jan, Michael shared his opinion on the current market sentiments and predicted that the crypto market is ready to see a big inflow of money & ready to hit a $2.1 trillion cap.
According to Michael, this is a great time to buy Bitcoin not only because it is down by nearly 20% from its peak of this month but the Bitcoin network is moving toward the Bitcoin halving event.
Ahead of Bitcoin halving, the dominance of Bitcoin increasing rapidly. If Bitcoin follows its past post-Bitcoin halving event then it will surge by 100% in the parabolic pattern easily in the next 12 months.
Read also: Legal researcher expects 70% winning chances for Coinbase in the legal battle against the SEC
Comments