The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.
Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.
Firstly, Bitcoin did cross that mark.
The sharp drops in Bitcoin price is some thing most investors that have been in the crypto space for some time have witness this and it is expected in the crypto market but I do understand why most other investors would think it is over any time that happens. I dont think that the Bull market is over, I believe this is just another correction as we have talked about in this forum in the past similar case and we will move ahead again.