Bitcoin has been increasingly in a shaky state and has dropped by as much as 50% compared to its previous all-time high. All eyes are on the crypto alpha dog, watching its next price movements.
On the other hand, many market analysts believe that the drop in BTC trading value is a jumping board towards massive growth.
As a matter of fact, Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, on his recent tweet, said that the crypto’s plunge is normal as the coin is still trying to get the hang of it as it faces a massive test.
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Bitcoin Decline – An Unnecessary Evil?
McGlone posted via Twitter saying: