#BTCNextMove

Bitcoin’s massive rise from under $70,000 to over $108,000 within a month and a half after Donald Trump’s landslide victory in the US presidential elections left some investors outside the circle.

However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on board. In the past couple of days, bitcoin’s price tumbled by double-digits, which, according to Santiment, has made the crowd seek to buy the dip.

Moreover, history shows that it could send BTC flying again.

Is BTC About to Bounce?

As the analytics platform noted, the last time these discussions exploded in a similar manner was in early August when the cryptocurrency’s price tumbled below $50,000. Just a few days later, though, the asset had climbed by over 25% to beyond $62,000.

If history is to repeat itself now, even though BTC’s market cap is a lot higher, bitcoin could recover from its big retracement and head toward a new all-time high again of over $120,000.