We all under stand that certain conditions are responsible for certain effects we see mostly in the price action of digital assets. That of bitcoin isn't left out as it functions with the price patterns authored by the entire community. The price of Bitcoin saw a sharp pull back of straight $8000+ as a result of information arising from the mining of Bitcoin but it doesn't tell that Bitcoin is about to end.
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.