Crypto Bloodbath: What's Causing the Dip?

LeoFinance
8 days ago
1 Min Read
175 Words

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There are quite a lot of things happening in the crypto space right now.

In the midst of one of the most epic rallies of all-time, we're now experiencing one of the more significant dips felt in recent history.

At $42k we met some resistance and dipped down to just under $30k where Bitcoin has to find its footing before the recent explosion to $58k.

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So this dip is somewhat on par with the last dip that we saw at $42k. Will it continue to drop or are we just resting here for a new break on ATHs above $58k?

There's no denying that Bitcoin is being bought up by major institutional investors and corporations. If we see this level of buying continue - and likely, increase - then I envision the price will be above $58k within the next 2 weeks... just as we saw the cooldown from $42-$30 followed by a massive rally.

Fasten your seatbelts, regroup and if you have the stomach... buy the f'in dip!

Posted Using LeoFinance Beta