Bitcoin Drops- Buy the Dip While You Can
Bitcoin broke below its $7,200 resistance level last night after a large sell order was filled on Bitstamp. Now is the time to jump back in. The selloff was anticipated. To be honest, it was a bit larger and faster than anticipated. Whales who hold thousands of coins can manipulate the price. We are heading into the weekend when Bitcoin trading volumes are low, so more moves are likely. Expect next week to be volatile.
What more can I say about this event that hasn't been said yet? This rally's quick reversal has been troubling and news of the Bitstamp manipulation are disheartening. I will be buying the dips and taking some profits as Bitcoin's volatility increases. Bitcoin has a bright future and this drop off has been an opportunity to buy.
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Originally posted in my Weku account I own at:https://deals.weku.io/community-deals/@wstanley225/bitcoin-drops-buy-the-dip-while-you-can
Also published in my Serey, Whaleshares, Bearshares, Golos, Minds and Hyperspace accounts I own.
Picture from Pixabay.