Bitcoin Price Correction: It’s Time To Buy The Dip

As you probably know by now, Bitcoin has been seeing a correction these days. At the moment of writing this article, BTC is trading in the red and the king coin is priced at $57,109.

While a lot of investors are freaking out due to the price drop, more excited crypto lovers are saying that this is the perfect moment to buy the dip.

Here’s what important crypto analyst Willy Woo said.

I think I’ll call this one “buying the dip” pic.twitter.com/57kmAtycGF

— Willy Woo (@woonomic) November 18, 2021

Someone said: “But you gotta admit the fact that you ere horribly wrong on the last few months, and maybe lower the bragging under other’s tweets. You are bearish since 20k after all…”

Another follower posetd this message: “How do you guys still have any Fiat left to buy the dip? I spent it all months ago. Unless you’re waiting to get paid by your salary so you can afford to put some of it in crypto, Anyone else still having usd in his trading account is not doing it right imo.”

#Bitcoin Illiquid Supply is going parabolic! Last time it grew that fast was in mid 2017!

If you are bearish here, you’re doing it wrong. 🎃 pic.twitter.com/I3a5b33fN9

— Bitcoin Pumpkin (@BitcoinPumpkin) November 18, 2021

An important crypto analyst said that the coins are currently hovering at make-or-break levels following a correction that erased nearly $400 billion off the market.

In the latest TechnicalRoundUp newsletter, Cred said that if Bitcoin drops below the $55,800 range and closes the week there, he would definitely change to a bearish point of view on BTC.

“This weekly range high is a compelling line in the sand for directional bias. If the breakout turns into a failed breakout, which would be strongly implied by a weekly close below $55800, then our bias would shift bearish.”

He also made sure to highlight the fact that the BTC bulls can get confident after a convincing reclaim of the $60,000 level.