Are you buying the dip? Short-term social media data suggests that traders aren't calling for buying the Bitcoin dip right now. However, research shows that 77% of family offices in the U.S. are either looking at or have invested in crypto.
“Often the crowd unanimously call the dip/bottom earlier than the actual dip and the real bottoms forms when the crowd least expects which is represented by low to no mentions in Buy The Dip. As of now the mentions are very low.”China’s Bitcoin mining ban
“The pattern that we have recognized is a 3 wave of Buy the Dip mentions during the downtrend each lower than the previous one and after 3 waves the bottom occurs before the market recovers,” Lanaul wrote.While prices fluctuate short term, long term growth in crypto seems inevitable as more high net worth individuals and families back the sector.
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