Bitcoin price $ 10,000 End of the bubble or calm before the new rally?

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Today, the price of Bitcoin has fallen to levels around $ 10,517.80, which represents a big setback after having reached values ​​of $ 20,042.90 on December 17, breaking its historical record, according to data from CoinMarketCap we can see that the first 20 cryptocurrencies have experienced significant price drops, among the most affected is Ripple (XRP) with a percentage drop of 32.91% in the last 24 hours.

In this scenario of decline of the cryptographic market many see the end of the price bubble generated in the last months of 2017 that led to the price of Bitcoin to an incredible rally that seemed to have no end, however, we all know that the large increases The price of short time periods imply risks of corrections, due to this we must understand that the long-term trend of the cryptocurrency market is a clearly bullish trend.

Among the factors involved in the recent drop in prices of cryptocurrencies we can mention the pressures in China where the government apparently assesses the possibility of eliminating the Bitcoin and Altcoins exchanges in all its forms and the legal situation in South Korea that the January 14 announcement tougher measures to regulate the cryptocurrency trade.

In these moments there will be no lack of voices that try to sow panic in the crypto community and spread the F.U.D. (Fear, Uncertainty and Doubt), however, we should consider the opportunity to buy some cryptocurrency now that they are going down, remembering the volatility of the market this fall that we see today in a few months may be just a memory of the new race bulls that are coming.

In general, in this situation it is important not to lose your temper, remember HODL, HODL and more HODL that time will take care of putting things in their rightful place and the cryptocurrencies will resume their bullish career.

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