Investors Seem Fearless to Buy More Bitcoin Despite Dip
At lunchtime, the price of Bitcoin dropped sharply after surpassing $18,400 as the peak since 2017. However, most analysts didn’t change their prediction of Bitcoin will keep soaring and hit $20,000 yet. Because in this insane bull run, both institutional investors and retail investors were always trying to buy in the dip these days. And this theory seems still holds for now. The price of bitcoin rapidly rebound to $18,000 less than three hours after today’s flash crashed 6%. Therefore, we expected the barriers around $20,000 would be challenged very soon.
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