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Bitcoin offers 'Black Friday deal' with sub-$55K BTC price — just like 2020
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Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to "buy the dip," analysts argue.
Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins trade at their lowest in six weeks.
After an overnight sell-off sparked by a declining dollar and macro markets rattled by a new Coronavirus variant, BTC/USD is trading near $54,000.
As mainstream media highlight the fall, others are far from concerned, however — current prices arguably offer a golden entry opportunity.
#BTC Black Friday deal pic.twitter.com/TqTcQEzfqG
Others poked fun at a knee-jerk article from Bloomberg in which the publication initially declared that Bitcoin had "entered a bear market."
On short-term targets, popular
Read more on cointelegraph.comAbout this in other media
Bitcoin stages bounceback following brutal Black-Friday selloff economictimes.indiatimes.com /2 years ago
Black Friday: US shoppers see fewer ‘doorbuster’ deals amid market selloff theguardian.com /2 years ago
Mapping out a recovery route for Bitcoin after Black Friday stint ambcrypto.com /2 years ago
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