As Bitcoin (BTC) tested a $17,580 low on Dec. 11, investors remained relatively calm despite some analysts issuing bearish estimates. The week may have finished at the same level where it started, but the fundamentals for Bitcoin have become even healthier.
Whenever the Bitcoin price drops considerably, there is usually some blatantly bearish analysis popping up and while this may sway the investment decisions of retail investors, professional traders know better. They avoid the FUD and the excessive pessimism that is the result of negative price swings.