After a record weekend liquidation, Bitcoin price bounced back above $57,000 – gaining back approximately $3,000. At 14:21 GMT on Monday, the price of the Coin
‘ href=”https://www.newsbtc.com/dictionary/coin/”>coinkeeps plunging. However, Bitcoin has swiftly regained its price and surged to a new high everytime.
The sell-off during the weekend has been defined as a bullish event as weak hands leave the market. However, until Bitcoin price reclaims the current all-time high, investors might be leery to buy the dip more so than they once were.
Smart money is buying the dip, hence the BTC leaving exchanges. But what about you?
Featured image from Deposit Photos, Charts from TradingView.com