Hey hey hey everyone! Did you catch that dip? I did. Got some more Bitcoin for a very good price compared to $68. $60 and $68 is a very big difference.
People are saying there's a lot of manipulation involved in this price dip - well, I say - thank God there are manipulations like that!
It's not a manipulation but a usual scenario every time Bitcoin pumps, and that's not the big correction yet.
We have to wait for BTC to create it's new ATH before we see the big correction but still it's not guaranteed as Bitcoin looks more stable now to continue the up trend.
Lucky to those who are able to catch the dip again, that's a good profit already so enjoy it.
If you watch the news, you will know that the bitcoin price drop to $60k after bitcoin hit $69k today caused thousands of traders to lose money and the liquidation amounted to $1.2 billion. That's not a small amount and I don't think it's natural. To me, every time bitcoin drops rapidly or increases rapidly, it is when the market kills long/short liquidity and that is manipulation by market makers. But I agree, it's not a huge adjustment that we need to be concerned about.
It did dip quite a bit, but now the price is just shy of $67k, so there is profit taking when we did hit new all time high. It's understandable though, maybe they have been waiting for this and so for them it's necessary to take profits, so you can't blame them.
As for predicting whether bitcoin will have another major correction, no one knows. Bitcoin is creating many surprises by consistently rising in price ahead of the halving and even creating new ATHs, but that doesn't mean there won't be any more major corrections. Personally, I still think there will be a big correction after the halving takes place.
Hopefully there will be none, we are just like a month for the block halving and so everyone is really trying to save a lot of Bitcoin right now and be ready for the imminent bull run. Just imagine making profits when it hit 6 digit this year and then culminating for a huge all time high next year.