In this YouTube video by Crypto Zombie, the host KDub reflects on the recent extreme drop in Bitcoin’s price, and its current stabilization. The price of one Bitcoin went over $40,000 last week, and its growth in the charts was practically vertical since Christmas. A correction was inevitable, and the question is how low it will drop. KDub lists some possibilities, and the lowest bottom seems to be just above $20,000. Just 2 months ago, $20K seemed like an unbreakable barrier to rise above.
When investing in Bitcoin, the wisest strategy is to buy when the price dips, or make small periodic purchases, and hold onto it regardless of the volatility. The overall trend has been one of growth. Watch Crypto Zombie’s video, and follow the link to further resources.
