Bitcoin Crashing? ‘Mundane’ Reasons, Says Bernstein: ‘Buy The Dip’
Posted On December 10, 2024
The pullback in Bitcoin‘s (CRYPTO: BTC) price sub $95,000 levels has raised concerns among traders, but Bernstein analysts advise investors to “buy the dip.”
Despite a brief decline to $94,890 late last night European time, Bitcoin recovered to $97,750, showing resilience amid heightened market volatility.
Bernstein attributes the dip to routine leverage adjustments at the $100,000 mark rather than any fundamental issues.
“Bitcoin’s dip was driven by more mundane things, like traders pressing the leverage pedal at $100,000,” …
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