How does market capitulation affect the price of Bitcoin and other cryptocurrencies?

1 answers

• UrosNov 14, 2023 · 2 years ago
  At BYDFi, we have observed the impact of market capitulation on the price of Bitcoin and other cryptocurrencies. During periods of market capitulation, we have seen significant price drops and increased volatility. However, it is important to note that market capitulation is a temporary phenomenon and can present buying opportunities for long-term investors. It is crucial to have a well-diversified portfolio and a long-term investment strategy to navigate through market capitulation and take advantage of potential price recoveries.
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