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Bitcoin: Buy the Dip?

TheMotleyFool

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Bitcoin: Buy the Dip?: https://g.foolcdn.com/editorial/images/755836/trader-pondering-at-screens.jpg

The stock market and the overall cryptocurrency market have had great years thus far, rewarding investors with strong gains. In this type of bullish environment, it's no surprise that Bitcoin (CRYPTO: BTC) has soared 125% (as of Nov. 21).

Despite the renewed sense of optimism surrounding the world's most valuable cryptocurrency, its current price of roughly $37,000 is 47% below the peak price from about two years ago. There's still a lot of room before Bitcoin can get back to its all-time high.

Is it a smart move for investors to buy this digital asset on the dip? Let's take a closer look.

Source Fool.com

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