Bitcoin Dropped Below $80,000 Briefly: Is The Bullish Season Over?
Is Bitcoin's price drop a warning sign or a buying opportunity? Here's what you need to know.
The Bitcoin (CRYPTO: BTC) chart has been a roller coaster ride recently.
The original and largest cryptocurrency rose to an all-time high of $106,182 per coin in January, then fell back as much as 25.8% over the next seven weeks. That's a sharp retreat from a long upswing -- Bitcoin has more than quadrupled in price over the last two years. To put the gains in context, the S&P 500 (SNPINDEX: ^GSPC) market index showed a total return of 49% over the same period:
