Bitcoin Price Slashed to $6K. Is This Best Black Friday Sale?

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  • Bitcoin finally gets its big holiday price cut the bears have been eagerly waiting for

Bitcoin Price Slashed to $6K. Is This Best Black Friday Sale?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Even though Black Friday is expected to start on Nov. 29, it's arrived early in the world of crypto. The Bitcoin price has just dropped to as low $6,880, its lowest price level since May.

This is now officially the biggest discount since Sept. 25 when Bitcoin plunged from $10,000 all the way down to just $8,000. 

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Multiple crypto influencers suggest that Bicoin's steep fall, which was driven by the China crackdown news, could be a good opportunity to stack more sats instead of buying another tablet on Amazon. 

Bitfinex CTO Paolo Ardoino says that BTC is incredibly cheap today even though shoppers have to wait one week more for Black Friday. 

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Crypto analyst Ronnie Moas points out that the Bitcoin price is down by more than 50 percent, which would be one of the deals you could find during the upcoming shopping pandemonium. He also states that it would be interesting to see how things play out next year since the fair value of Bitcoin should be around $28,000.

As reported by U.Today, market analyst Willy Woo warned Bitcoin bulls that the top cryptocurrency might not go parabolic after the next halvening given how bearish its price action was. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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