This is usual since the beginning of bitcoin, once there is a big pump, expect a big dump too.
The important thing to look at, is the correction. Where it will be landed after the big pump? It's more to put concern that the panic selling that will happened after such huge pump.
The important thing to look at, is the correction. Where it will be landed after the big pump? It's more to put concern that the panic selling that will happened after such huge pump.
I think we had the dump already from 780 to 540 and now it is stablizing to 630-650 area from where the odds are higher to go up than down IMO. Obviously it is not guaranteed to rise so there is a probability of 20-30 % to furter go down. It is your job to decide if this probability is high or low.
Basically a price recovery which I only see fit beacuse the event hasnt taken place yet.
But I can only imagine if the event was already over it would fell harder in my view. Fear is what drives people to sell off naturally so I can see that happen.
fear can only change the price so far, it depends on the type of the fear. for example this fear is usually because of the price and since it is nothing too serious the change is never so big as we saw recently from the dump back to below 600 and this fear will always stop and change course just like the jump back to above $600 and stability there.
I am not selling at these price. If the price double, I will use 10% of my coins. If it doubles again, I will use another 10%.
