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The dip that shook the market and what lies ahead, as Bitcoin crosses $50,000
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Bitcoin dropped by almost 20% over the weekend, falling down to a three-month low of $46.5k amid a market-wide flash crash. The choppy price action gave way to panic sell-offs and weak-hand capitulation. On the other hand, ‘buy the dip’ chants took over crypto Twitter.
At the time of writing, Bitcoin finally seemed to recover, making its way back to $50.1K, noting over 6% daily gains. However, the question is, can this recovery sustain?
For most of November, Bitcoin made lower lows as its price
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