Bitcoin Price Offers a Buying Opportunity, Analysts Say


Bitcoin Buying Opportunity

Bitcoin Buying Opportunity?: Has Bitcoin price reached the bottom of the recent bearish cycle? Market pundits were predicting that Bitcoin price had hit the bottom of the bear run earlier this week when the coin traded at around the $7,000 level; saying the cryptocurrency markets are undervalued following the most recent selloff.

 

Source Image: coinmarketcap.com

Buying during the dip and selling during the high has always been considered a smart investing strategy and Dan Morehead –founder of Pantera Capital Management, is a current advocate of this practice:

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