Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
I think this is a speculation topic, so maybe you should move it there. Now back to the topic, there was no significant fall in the price of BTC, so we cannot talk about a dead cat bounce in this situation, this is just a correction in price after the halving, and to be fair a lot of bitcoiners were expecting it, though we cannot guess exactly how much the price would fall.
The price has started showing signs of an uptrend and it is now above $60k again, if this correction phase is over which i think it is, then the price will continue to rise until we are above $70k, and if we break that resistance, then we are getting closer to ~ $100k.