The current price for Bitcoin is very low, and it is currently trading below 60,000 US dollars, which was not expected, and probably this is the reason why there is a lot of fear in the market. I mean to say that can you expect the price to drop by more than 50% because we have seen the Bitcoin price around 125K US dollars within the same year, and now in the middle of the year, this is below 60,000 US dollars.
Undoubtedly, this is a big drop in the price, and there are multiple factors behind this drop because the overall global economy is affected negativel,y and it is also anticipated that the company called MicroStrategy will be selling some bitcoinsBecausese of this news there is a lot of panic in the market and it is obvious that some people must be trying to take an exit which I think is not a good idea this time.
it is also going to be interesting that how the market reacts if this selling happens because a few billion dollars worth of Bitcoin will be sold if strategy that's what they say in the news And obviously this will impact the Bitcoin price also.
I am not a financial advisor and I have very limited understanding of the market but I believe that this is the time when we need to look at the market and try to grab some quantity if it is possible for you however please consider the risk appetite and manage it accordingly so invest only if you are investing for the long term and also consider the risk possibility on the investment which should not be ignored at all.
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