This is a reference from chatgpt
Bitcoin has historically shown resilience and the ability to recover from dips, including those around 15%. Several factors can influence Bitcoin's recovery from a dip in Q3:
Market Sentiment: Positive news, such as regulatory clarity or increased adoption by businesses and institutions, can boost market sentiment and drive prices up.
Macroeconomic Factors: Changes in the broader economic environment, such as interest rate policies, inflation, and global economic stability, can impact Bitcoin's price.
Institutional Investment: Increased interest and investment from institutional investors can provide substantial support and drive demand.
Technological Developments: Advances in Bitcoin technology, improvements in the Lightning Network, and other upgrades can enhance its utility and attractiveness.
Historical Trends: Looking at historical data, Bitcoin has often experienced dips followed by recoveries. For example, it has bounced back from significant drops in the past due to various factors, including market cycles and increased adoption.
While past performance is not a guarantee of future results, Bitcoin's ability to recover from dips has been demonstrated multiple times. However, it's important to note that the cryptocurrency market is highly volatile and influenced by many unpredictable factors. Therefore, investors should proceed with caution and consider their risk tolerance.