Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Don't say that the current price movement of bitcoin is not pleasing anymore, there was never a time you should expect the price of bitcoin to just keep going up without any form of retracement and or corrections like we have witnessed in the last few days and hours, and this is because, the more bitcoin pauses it's upward movements to do some corrections, the healthier the market is, and the more higher the price is likely to go when next the upward movement begins again.
So, appreciate the downtime same way you appreciate the uptime, see and take the down time like this as a golden opportunity to buy more bitcoin at a discount price, for one rule in crypto is that, you should never be in a dare hurry to sell and take profit, most especially, if it's bitcoin we are talking about.
And concerning the floor price, bitcoin has retraced below $60k like two days ago, but it quickly returned back to above $60k, so, by that move, I guess it's safe to say that $60k is the floor.
Right now, the price seems to be going up, let's see if the momentum will continue or it will drop again, causing bitcoin to experience another down turn.