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Bitcoin [BTC]: Feed filled with ‘Buy The Dip’ mentions? What you need to know
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The king coin emerged triumphant as it flipped the previously rock-hard 45k resistance level into a comfortable cushion. However, things are getting precarious as Bitcoin was only trading at $45,426.56, having fallen by 2.64% in the past 24 hours, and dropping by 4.13% in the last week.
That being said, why are your social media feeds suddenly filled with “buy the dip” mentions?
Santiment acknowledged that Bitcoin was not seeing a major price drop, but pointed out that a FOMO-induced “buy the dip” trend was rising after weeks of subdued activity. Many traders who prefer to follow the crowd sentiment might be wondering if this is a good time to buy after all.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
Bitcoin 'buy' signal excites as dollar, gold extend losses, BTC price heads past $41.5K cointelegraph.com /2 years ago
IMF Deal ‘Dead’ and So Is Bitcoin Bond Issuance, Claim Bukele Critics cryptonews.com /2 years ago
SHIB, ETH twerking as Reddit attributed buy calls look for new resistance level ambcrypto.com /2 years ago
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