As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
I think not, because the true bullish trend has not yet arrived, according to Wyckoff's theory as I have seen my analysis there is still a lot to come, many investors have bought at the prices of $ 20k, which means that they are not going to buy to earn little, they always buy low to sell high.
So it means that these investors are seeing Bitcoin will grow from what it has today. I'm not supposed to believe these but that something we need to find out how these words will play in this volatile market coz I know how influential are they.
$25k, $50k, and possibly $100k as many say's. Even though they are having such a statement, we are still being cautious in our actions because not all have come into reality.