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Seeking Alpha 2020-11-26 20:19:16

Bitcoin: Don't Panic, It Is Just A Short-Term Retracement

After rising exponentially in the past few months, Bitcoin consolidated lower by over 15 percent in the last two days.Investors are getting anxious as they are worried that the consolidation in Bitcoin may resemble the one in 2017/2018.We just think it is a short-term bear retracement and the positive trend will resume.Social distancing measures will remain for a while and therefore economies will strongly rely on governments' support in the medium term.More money in circulation will simply continue to support Bitcoin prices.

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