I've always seen that whenever the bitcoin tx fee soars sky high, it marks the beginning of a new sell-off cycle. Are we going to repeat it again this time? Who is to blame ? Pepe sh*t ? Ordinals ? Check the image below for reference. I'd like to know what ppl think about this.
What I think about it is that it is normal for bitcoin price to fall. If it continues, $20000 will be a strong buying price. I do not care of what cause the fall because the fall is not massive.
What I wish to speculate on now is if bitcoin can go below $20000 again or not.