Bitcoin offers «Black Friday deal» with sub-$55K BTC price — J | Bitcoin 44

Bitcoin offers «Black Friday deal» with sub-$55K BTC price — Just like 2020

Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue.

Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins are trading at their lowest in six weeks.

After an overnight sell-off sparked by a declining United States dollar and macro markets rattled by a new coronavirus variant, BTC/USD is trading near $54,000.

As mainstream media highlight the fall, others are far from concerned, however — current prices arguably offer a golden entry opportunity.

Others poked fun at a knee-jerk article from Bloomberg in which the publication initially declared that Bitcoin had “entered a bear market.”

On short-term targets, popular trader and podcast host Scott Melker warned over going with the herd, expecting even lower levels to buy.