Bitcoin Drops 20% in Two Days. Buy the Dip?


Bitcoin’s jump in 2019 has been halted in the last couple of days. After the Bitcoin price reached $8400, we’ve seen a dip down to just over $7000. Watch to see if this is a buy the dip opportunity or if the Bitcoin chart will rise once again.

Bitcoin drops like the one we’ve seen this week have been rare in the last year. A correction downwards of over 22% is currently underway, with Bitcoin news lacking any positives to reinforce the Bitcoin trend we’ve been seeing since the start of May.

In this video, we’ll show you a Bitcoin technical analysis that attempts to block out the noise that accompanies large moves. We’ll look at the chart on currency.com, the first regulated tokenised securities exchange and find the important support and resistance levels that lie ahead.

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