Bitcoin's Fall Resembles 2017 Crash
Bitcoin’s price is on a see-saw swing in March as the fluctuation has hit a peak. It went from $86,000 to $81,000 and quickly dipped to the $76,000 range. BTC rebounded to the $81,000 level again on Wednesday after surging nearly 2% in the day’s trade. The flip-flop in price is making investors cautious about taking an entry position into the asset. The fears stem after the US stock market declined another 450 points on Tuesday, which could affect the cryptocurrency sector. Also Read: Dogecoin Has Dipped 50%: Buy the Dip To Become Rich? BTC: Bitcoin’s Recent Crash Resembles the 2017 Market Cycles Source: Watcher Guru Bill Barhydt, CEO of crypto firm Abra wrote that the recent fall resembles the 2017 market crash. Bitcoin had plunged 25% back then but recovered in value in less than a year. Bill wrote that BTC could fall 25% again and repeat its historical market corrections. He stated that investors need not fear the crash as BTC is following its cyclic pattern. Also R...