Yeah lol, I don't think it's going to go down in a long while though, to be honest. Simply because that the HALVING ISN'T EVEN HERE YET! We might see a big dump after the halving, but definitely not before.
So it's a good idea to hold right now. At least till halving.
Just wondering now how much will that big dump will goes. Hopefully the correction is around $600 or above and never below for that price. If that's happen we can truly see that bitcoin price will say goodbye now to below $500 price.
It doesn't take much at the moment to dump the price down like $100 in just a day. Especially when bots pull back their buy support. But one thing is sure, the higher the price goes, the lower the chance is to see $400 prices again this year. But never say never. We don't know how heavy the impact of the dump directly after the block halving will be.
You are right. The price drop more than $100 in the last day also. It might just be a long waited correction.
The price of bitcoin is in the correction phase. The price is trade between $600 and $690. It will last a few weeks.