This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.
I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!
What do you people expect from this last bull run?
The difference is that this is not what happened during this bull run, it is true that bitcoin went up very aggressively at the end of 2017 but this was not true during this bull market in which the growth was milder.I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!
What do you people expect from this last bull run?
Now is it possible that we are going to go back to the 20k levels? Yes, but to me it seems to be too soon precisely because of your observation, the market has not gone up in a parabolic way yet which is why I think this is a correction and we are yet to see the true all time high of this bull run.