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.
Actually, I knew the of Bitcoin price was not going to turn green immediately after the halving but I never knew it would take such a deep. So If anyone tells you that the retracement is over and we are heading to a new ATH, such a person is not being truthful, no one knows what's going to happen in the coming days. If the price retraces again you shouldn't panic, we are already in the post halving and the market will soon go bullish.
Most Bitcoin price observers were speculating a price dip after the halving, but they never expected this much dip, especially since Bitcoin started being bullish after the ETF approval, now we're seeing a new price of over $63k today, perhaps it's a sign that price has started to rally upwards or it could just slightly dump again. I just choose not to worry or panic about this temporary pump and dump, because I know that we're definitely going to enter bull run from now to a couple of months time, so I'll just use this opportunity to accumulate more, before the inevitable ATH that we don't know when it'll happen.