It's common to see sharp drops in a bull market; this small drop is just gathering strength to jump higher!
Yesterday, I saw a bunch of people rushing to liquidate, claiming they wanted to lock in their profits. I didn’t follow the crowd; instead, I took the opportunity to increase my position a bit. I believe as long as Bitcoin doesn't really drop below the low of 90,000 from a few days ago, we don’t need to panic; this is all normal market volatility.
To be honest, in a bull market, big drops and rises happen frequently. Let's review:
Back in 2017, Bitcoin also experienced constant spikes, with the biggest retracement being 40%;
In 2020, it was the same, with several drops, the largest retracement being 30%.
If you can't clear out some high-risk leverage, how can the market gain more momentum to surge upwards? So I still remain bullish; at least let it touch 150,000! Now, we just need to wait for an opportunity for Bitcoin to steadily stand above 100,000!
In my heart, I hope Bitcoin can reach 200,000 next year, but to be honest, that’s quite difficult unless Trump can really deliver on his promises and treat Bitcoin as a national treasure, buying in large quantities!
Recently, I plan to set up a potential coin that is ready to explode; doubling it is quite simple. At the same time, I’m also looking for some potential coins to hold until the end of the year, where a tenfold increase is definitely possible. If you want to keep up, follow my bamboo leaves, leave a message, follow, and like.