Swan Bitcoin: Why This Bitcoin Dip is a HUGE Buying Opportunity:
After peaking at over $108,000, bitcoin prices pulled back to the low $90 range. That’s a drop closing in on 15%. For bitcoin, that’s hardly a significant drop. But it’s probably enough of a drop as the asset class matures that investors should consider adding to their position.
The days of bitcoin dropping by 40% or 50% overnight are likely over. There are far more buyers interested in the asset today than in the early 2010s.
Plus, it’s easier to safely buy bitcoin than ever before.
As with any asset, periodic pullbacks are a feature, not a flaw. Pullbacks cause leveraged traders to close out their positions. This resets the stage for a healthier trend higher over time.
For bitcoin specifically, the asset has had a strong year. Price-wise, bitcoin has nearly tripled off its low of the year. And it’s following a cycle trend that should cause the next peak in 2025.
Meanwhile, rising institutional adoption points to significant demand for 2025 and beyond. Bitcoin’s nature, offering a fixed total supply make it an optimal asset for wealth storage over time.
Overall, investors who use opportunities to buy assets on a pullback are rewarded when that asset rebounds to new highs. That should be the case of bitcoin for most of the next year.