With what happens to bitcoin now, it seems to reach $70,000 need more time unless big pumps are coming to the market before 20th September so the price can still increase and hit $70,000.
Hopefully, the price will be back to up to $50,000 in the middle of this month so the price will have a chance to reach $70,000.
But if that is about in the future, bitcoin price can increase to more than $70,000, no matter if that will happen before the end of the month.
You do not have to worry about the price. Just enjoy the ride while you have a chance to buy bitcoin at the current price.
The Tuesday dump happened not only to the bitcoin market alone, in fact, but almost all the cryptocurrencies market were also affected by it.
It's obvious that when bitcoin dumps, the rest of the altcoin market follow suit, so it is more evident on the recent flash crash we have last Tuesday.
Am not worried about the price at all since am knowledgeable in crypto market volatility but what about those from El Salvador who just bought some Bitcoin on Monday and the price went down up to 10% what consolation advice can we offer them at this member as they newbies and have no knowledge and experience at the moment?
Simple, HODL and don't sell your bitcoin right away, yes it went down, but if you have patience, it can go back to $50k again and even higher before the end of 2021. So it's not consolidation advice, its the best advice. Maybe they want to experience bitcoin, but for those El Salvadorian who have been in crypto sphere, I doubt that they sell it right away when the price is going down.