Extreme volatility is expected in the next period

Popular Bitcoin investor Tone Vays is of the opinion that BTC will not fall below $ 2000 and that those interested in investing in this cryptocurrency should take advantage of the moment. On March 13, he posted several messages on Twitter in which he expressed his optimism about the future of the market:

“It’s hard to say if Bitcoin has reached the minimum value. On the other hand, the way he recovered after dropping to $ 3,850 is very promising. This is generally the way markets set the minimum value, but NOTHING from the market evolution over the past two years has not been standard.
For example, these capitulations usually set a minimum NEW price, but we were over $ 3,150.
For those who “bought the drop” under $ 4,000, block BTC as HODL. For those who missed the opportunity, I feel comfortable buying at this level, but also setting limit orders for BTC values ​​of $ 4,550, $ 3,550 and ALL IN between $ 2,750-2,950!
I don’t see Bitcoin falling below $ 2,000 ”

The notion of buying when the value goes down – Buy the dip – is an investment strategy that has proven very effective in the long run. For Bitcoin and other cryptocurrencies in general, buying in down periods can be extremely profitable. Given the volatility of the market, however, the right time to buy is quite difficult to identify.

We can expect extreme volatility in the coming days

Since Thursday’s price crash, analysts have continued to speculate on the next steps in the market. Unlike previous collapses in the price of Bitcoin, it has been correlated with global events. Many crypto analysts believe that the price could fall again, even Tone Vays. However, he believes there is enough data to make him feel optimistic that the worst period is over.

Also, most analysts believe that recovery will come very quickly, especially in the crypto market. Thus, we should expect extreme volatility in the coming days.
The recent evolution has been a nightmare for speculators who trade frequently. For the most part, they are responsible for the sharp drops because they are forced to liquidate to cover their losses.

For investors who have chosen to buy Bitcoin as a long-term investment, however, the situation is only irritating. The reality is that Bitcoin and most other cryptocurrencies are growing significantly historically. As Tone Vays also points out, the current state of the market could be a short window in which new BTC purchases can be made at affordable prices.

Regardless of the short-term price trends, the crypto market will recover. Blockchain development and adoption are stronger than ever, as is the interest of institutional investors