Bitcoin Price | Amazing Crypto

Hold your horses! $9K Bitcoin price drop not a trend change, data says

Traders are freaking out about today’s 27% Bitcoin price drop but historical data show sharp corrections are natural even during bull markets.

Price retracements in bull markets can occur amid an overall macro-bullish backdrop.

Bitcoin’s active addresses and trading volumes broke their previous all-time high set in late 2017.

“This is no different than an entirely erratic stock,” said Cramer.

But the statement wasn’t without a few bullish predictions for Bitcoin and Ethereum.

As it stands, Bitcoin’s price has fallen more than $10,000 since Jan. 8.

MSTR declined by as much as 12.6% on Monday as Bitcoin pulled back sharply from $40,000 levels.

Some well-earned miner profit-taking combines with a natural pause in the Bitcoin bull run to see the market revisit essential support levels.

Bitcoin price may see a relief bounce first before retesting the $30,000 support.

After a massive cascade of liquidations, Bitcoin price could be heading towards recovery, based on network fundamentals.