3 reasons Bitcoin has dropped to $ 56.5K Cointelegraph could be local fund

First rule (BTC) trade should be “expected unexpected”. In the last year alone, there have been five cases with earnings of 20% or more per day, as well as five discounts per day. In fact, the volatility of the last 3 months has been relatively low compared to recent peaks.

Whether they are managers of multi-million dollar institutional funds or retail investors, new traders in Bitcoin are often mesmerized by a 19% correction after a local high. For many, even more shocking is the fact that the current $ 13,360 correction of $ 69,000 on November 10 happened in nine days.