Bitcoin briefly drops to €94,000, should you buy at the bottom?
Yesterday, Bitcoin once again demonstrated how volatile the market can be. Although the price remained above €97,000 for a long time, it suddenly fell to €94,000. It has since recovered to around €96,000, but for many investors, this shock quickly turned into an opportunity.
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Bitcoin briefly drops to €94,000, should you buy at the bottom?
Yesterday, Bitcoin once again demonstrated how volatile the market can be. Although the price remained above €97,000 for a long time, it suddenly fell to €94,000. It has since recovered to around €96,000, but for many investors, this shock quickly turned into an opportunity.
What happened on the chart?
Looking at the price chart for the last 24 hours, you can see that Bitcoin's price hovered around €97,000 all day. Around 10:00 PM Dutch time, it suddenly plummeted. Within minutes, the price fell below €94,000. #Powell Turns Dovish# #Bit Digital’s Pivot Pays Off# #BTC ETFs Top $153B in Holdings# #FOMC July Minutes# #Gate Convert Fiesta#