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.
I see it just like you. We are in the beginning of the real bull run that gets straight up on the charts. The bull run when you wake up every single day and the price is higher.
This is still a lazy bull run with a lot of selloffs. People are afraid every next level is going to be the end so they sell and buy back 2 days later because they see it doesn't want to go much lower. In a real bull run they're going to be euphoric and talking about the things they'll buy with all the profits. You need that euphoria first to have a depression later
