Bitcoin price crashed from roughly $60,000 to $42,300, a 30% drop from May 10 to May 18. I was watching the whole thing unfold as I kept my eyes on the charts.I was ecstatic!Rest assured, this was not me being sadistic after a market crash, I was just happy to buy the dip, especially after the massive bull run that multiplied investments overnight.I did what any sane person would do, I bought the dip at $42,300.Lo and behold, the crash continued.Bitcoin price dropped another 30% to hit $29,900. To say the least, my portfolio was red, with a massive drawdown. I broke even on some and even profited on a couple of others, but mostly, I\u2019m still underwater.As Bitcoin price attempts to breach the $42,000 resistance level, I see a lot of crypto-gurus, traders, and YouTubers post on how you should buy the dip.That is what prompted me to this write-up.Don\u2019t.Why? Because you don\u2019t know if Bitcoin price is done dropping and if it is going to head lower. If it continues the bull run, you can claim clout on Twitter by posting your screenshots. If not, you can bleat and regret it.Don\u2019t get me wrong, even I don\u2019t know if BTC is done crashing. We are in the same boat.Bitcoin price has been ranging since the drop, even the May 23 crash fit into this consolidation phase. The rapid surge from $31,000 to $41,330 over the past week has made many retail investors buy the top of the range.This 33% surge with nearly two 10% retracements was enough to flip the Fear and Greed Index from 13 (fearful) to 38 (almost neutral). Such a dramatic shift for a minor upswing, suggests investors are FOMO-ing.Here\u2019s an excerpt from a recent article,It is clear, that BTC is leaning bearish, but will\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin price crashed from roughly $60,000 to $42,300, a 30% drop from May 10 to May 18. I was watching the whole thing unfold as I [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/4743"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=4743"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/4743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=4743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=4743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=4743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}