Bitcoin stubbornly held on for dear life to what is a psychological support zone around USD 7,500 today, but despite best efforts was pushed several times below that. After registering a low of USD 7,347 sometime yesterday and again today, it is right now trading at USD 7,451 at 7:00 pm UTC (CoinDesk).

There does not seem to be too much hope for any recovery before the weekend, and if we look at Friday trading this month, there has not been too much action from the bulls to give any optimism for a different weekend this time.

But founder of market research company Lunar Joel Birch will be one of many who claim that this is an unlikely buy opportunity. Accumulators will no doubt take advantage of the situation to hold more bitcoin at bargain prices. Birch says the buy low sell high mentality is dismissed by holders like him, since they will only buy and hold.

Note to self:

This was the ultimate last 'buy the dip'

There's kids to feed and all. No more accumulation. Stop here.#xrp #xrpthestandard