Downtrend Continues as Bitcoin Drops Below $8,400

2/2/2018

Since dropping below $10,000 yesterday, the price of Bitcoin has continued to fall and is now under $8,400. The charts remain bearish, so I would assume that we have not yet reached the low point of this correction.

For many investors in BTC, the lower things go, the greater the temptation to sell becomes. Bitcoin history so far, shows that selling after a major drop in price leads to regret, as the price has always rebounded to achieve new all time highs. Will history repeat itself? I believe so. Stay strong!

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