Bitcoin drops 10%: historical data shows it's the perfect time to enter
Sharp price drops of Bitcoin have occurred several times in its history, only to rebound strongly, surpassing its price at the beginning of the drop.
The Bitcoin fear and greed index remains at 74 (greed) despite the price drop.
Investors believe that the long-term bullish trend of Bitcoin will persist.
In the last three days, the price of Bitcoin plummeted from $108,000 to $95,000, a drop of more than 10%. While sharp drops often cause panic, historical data suggests that such adjustments can offer excellent buying opportunities.
March 2020: Bitcoin fell from $8,000 to $4,000 at the start of the pandemic, only to bounce back above $10,000 in months, and then reached an all-time high in 2021.
May 2021: Bitcoin dropped from $63,000 to $30,000 amid regulatory concerns, but rose to nearly $69,000 by year-end.
These patterns highlight that sharp corrections in Bitcoin often pave the way for profitable rebounds. The current 10% drop could also mark the base for the next price increase.
