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.
No,it's not, bitcoin is still strong IMO, I know about the recent sharp drop in price and I believe its due to the recent news about bitcoin ban somewhere, aside that recently bitcoin pumped and was able to reach a new ATH and AFAIK every single time after reaching a new high the price eventually falls, although this time it was a bit harder than normal, I will just call this a correction in my book cause bitcoin is still gonna pump anytime soon, its just a retracement before a storm.