Quote from: CryptopreneurBrainboss on Today at 09:34:57 AM

Quote from: BitcoinerExpert73 on November 26, 2020, 12:23:12 PM

It was always going to be a bull run once we hit $10.5K.
I expected us to continue the rhythm of small pumps and slightly smaller dumps while breaking the ATH.
However, bitcoin dumped hard today.
What's your thought on the bears still having considerable leverage in market prices?

The dump was expected as the increase was an unhealthy one. The price was just increasing without any major correction. The news was just so bullish on the market and it was creating alot of FOMO. Glad the corrections happened while we are yet to cross the previous all time high. Assuming it happened after the prices has exceeded $20,000 then maybe we might have gone lower and recorded similar experience like the dumped that followed the 2017 bull run.

But since the corrections are happening now, It'll create a very strong support for further growth. The sentiment around Bitcoin are still very bullish therefore the small correction shouldn't discourage us if not we might live to regret ever selling very early.

by corrected , now cryptocurrency market will balanced and in future it will have stronger power than before. in normal cycle price will up and down , bitcoin and other coins already in up session for several weeks ago and it need to down to normalize market and attract new hot money come here. there is nothing wrong with current condition, it just taking profit action that done by whales investors.