‘Buy The Dip’ Google Searches Go Parabolic
Just as a refresher, ‘buy the dip’ is a typical pro tip that means purchasing an asset after a sharp price decline. However, how to know exactly when the dip will bottom out is another question entirely. Many traders call ‘buy the dip’ when they believe that the underlying asset is in a strong long-term uptrend. That seems to be anything but the case when it comes to global stock markets. Most analysts believe that the worst is yet to come as the combination of coronavirus fears and an inflated bubble cause deeper losses. However, that shouldn’t be the case with Bitcoin. With the Bitcoin Halving approaching, many analysts have already confirmed that the number-one cryptocurrency is already firmly back in a bull market. Moreover, some traders using technical analysis have pointed out that cryptocurrency prices are getting ready for their “next big mark-up.” Bitcoin Jack commented on March 5: Buy the dip on everything in the next 2 weeks
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