Bitcoin Dumps 20% In 12 Days, Legendary Analyst Says It Is Good Time To Buy Bitcoin 

According to a legendary crypto analyst, it is a good time to purchase some fraction of Bitcoin because the current discounted price will not remain available in the coming weeks.

The current trade price of Bitcoin (BTC) is $41.6k & this trade price is 1.12% down over the last 24 hours’ trade price. 

Bitcoin dumps 20% in 12 days, Legendary analyst says it is good time to buy Bitcoin  1

Today Bitcoin was trading at a trade price of $40.7k & this trade price of Bitcoin is 6% down from the period before the approval of Bitcoin spot ETF applications by the American securities regulatory body. 

So all the people who were looking to purchase Bitcoin at a discounted price, before the approval of the Bitcoin spot ETF, now have a better chance to accumulate Bitcoin.

A popular crypto analyst Michael Van De Poppe also shared his opinion on this Bitcoin correction and said that a 20% downfall in the trade price ($48.5k to $40.5k) is a good chance to buy Bitcoin.

On 20 Jan, Michael shared his opinion on the current market sentiments and predicted that the crypto market is ready to see a big inflow of money & ready to hit a $2.1 trillion cap. 

According to Michael, this is a great time to buy Bitcoin not only because it is down by nearly 20% from its peak of this month but the Bitcoin network is moving toward the Bitcoin halving event.

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Ahead of Bitcoin halving, the dominance of Bitcoin increasing rapidly. If Bitcoin follows its past post-Bitcoin halving event then it will surge by 100% in the parabolic pattern easily in the next 12 months. 

Read also: Legal researcher expects 70% winning chances for Coinbase in the legal battle against the SEC 

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