The price of Bitcoin has dropped by almost 40% in the last few day, and there are many toughts of the darkest scenario. But it's important to remember that this happened before, and it did not surprise us at all.
Although Bitcoin's price has dropped drastically, veterans in this industry know very well that this is not the first time, and certainly not the last. Namely, it is a bit worrisome because a lot of new investors have entered the market in the last month and now we will see how weak their hands are and whether they will sell in loss or hold.
After Bitcoin reached its top $ 20,000 value, this largest crypto currency lost one quarter of its value and dropped to $ 13,000. Namely, although such a fall in value is quite a normal thing, the media stop writing about it and telling how it is happening crash markets, thus motivating new investors to sell in loss. The truth is far different and is unlikely to fall below $ 10,000.
