For Those New toBitcoin and Cryptocurrencies
I feel for those new to all of this who may only go by what they’re spoonfed by the media – and even some supposed “crypto” news sites – any time Bitcoin or major cryptos have a drop or correction, the sky is falling and cue the onlsaught of incoming articles about how “is this the end of Bitcoin?” or for example, “are we going to have a dark Bitcoin/crypto winter?” There is nothing to fear,most definitely if we are referring to Bitcoin – and if anything these corrections provide a chance to buy some cheap crypto!
Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M
“Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500.
Data from Cointelegraph Markets Pro and TradingView tracked a resurgent BTC/USD as it reversed losses, which at one point topped 11%.
After an overnight comedown accelerated, however, buyer support appeared to return — but not before 24-hour crypto liquidations hit $875 million.
Meanwhile, $58,400 corresponded with Cointelegraph contributor Michaël van de Poppe’s line in the sand to prevent further corrections.”