Matrixport Report: It's Too Early to Buy the Dip in Bitcoin

ChainCatcher news, Matrixport released a new report stating that it is still too early to buy the dip in Bitcoin. Since last week when Matrix on Target warned that Bitcoin might experience a larger pullback, the price of Bitcoin has dropped by 10%.

It stated that, based on previous situations, Bitcoin tends to fluctuate sideways for four to five months after a halving. The interpretation of macro data has led it to take a cautious stance on Bitcoin, and it expects a significant adjustment in Bitcoin.