Bitcoin drops to $11.1K as USD currency index frustrates BTC price

[newshunter]

Bitcoin drops to $11.1K as USD currency index frustrates BTC price

An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day.

Source: Bitcoin drops to $11.1K as USD currency index frustrates BTC price

Would appreciate your opinion about this

[ryap12]

For sure a whale was just making money. I am looking at the 7-day BTC chart right now and this is pretty common. When the price does not continue to rise then definitely it will go down as whales want their money to keep on growing. (I am not a whale so I don't really know how they think..)

[TomPluz]

And it is dropping more. I am sure there are now many traders who are watching as to how deep is the dip this time, so they can catch up and buy more BTC before it will be showing some signs of recovery...going beyond the $12K level this time.

[gunhell16]

Bitcoin drops to $11.1K as USD currency index frustrates BTC price

<p style="float:right; margin:0 0 10px 15px; width:240px;"></p><p>An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day.</p>

Source: Bitcoin drops to $11.1K as USD currency index frustrates BTC price

Would appreciate your opinion about this

if it is happening now, meaning this is a good opportunity for the traders to buy Bitcoin while dropping its price then surely hold in the long term.  Besides, this is normal right? due to volatility happening in the market as well, isn't? Because, if I just have a lot of money I won't hesitate to buy Bitcoin for sure.