Bitcoin’s price appears to have fallen to $38,000 for the third time in 2022. Since starting the year at $47,000, the largest cryptocurrency token has suffered. The problem is that a bearish Bitcoin cycle generally entails a bearish crypto market cycle as well.
We’ll be discussing the crypto crash today. Bitcoin is currently worth $38,603 as of today. I’m astonished that so many of you are panicking. Many people are curious as to what will happen now that the price has dropped below $39,000.
Do you know that when Bitcoin goes below $40,000, it gives traders the opportunity to buy more and more?
Anyway, this is not financial advice because I’m not a financial advisor. It’s my opinion, that you need to buy more Bitcoin at this moment because the only way is up. It’s going to go back up. I’m telling you right now. Buy it now.
You don’t have to buy one Bitcoin for $38,019. You might not have that money. What you can do is you can buy a fraction. What you can do is you can buy a fraction of Bitcoin or Ethereum. You can buy a fraction of Litecoin, you can buy a fraction of Dogecoin. You can buy a fraction of Shiba.
The coins have crashed and they’re going to come back up.
Past behaviour is the best predictor of future behaviour. If you recall, I published an article on January 23rd, 2022, when the Bitcoin fell to $36,000 and Ethereum fell to $2,500. In the article, I told you guys not to panic and I explained the causes of the crypto crash as well as encouraged you to buy more crypto at that time.
The price of Bitcoin was then hiked to $44,005 per currency after two weeks, while Ethereum was trading at $3,095 per unit.
Assuming, you read my article then, you are financially capable of buying at least a unit of BTC and you took a step by purchasing the coin. You should have pocketed about $7,986 profit per BTC, the same thing applies to some of the other recognized coins because they are uphill as well.
During the invasion of Ukraine by the Russian army. Crypto is also being used by some Ukrainians as an alternative to Ukrainian financial institutions, which are restricting access to bank accounts and foreign cash.
Crypto Crash today is only a blip on the radar. Bitcoin is going to come back up.