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.
We don't know if the retracement is over for now, but I do agree that it's good to see the price goes back to $63k after a dump to $57k. But that's how the market is, very volatile and most of the time when we expect that it will go on this path, suddenly it goes on the opposite direction. And maybe after 2 weeks from the block halving, we might have seen the glimpse of what the movement will be in the future. So yeah, we should be glad to see that it has bounce back, and hopefully during the time that it went down, majority here could have accumulate and take that opportunity to stash some Bitcoin at $57k'ish.
No ones cannot tell accurately whether there’s more retracement coming or it ended up at $57k, but one thing is certain, the next couple of months will still be a roller coaster ride before we will hit with the new ATH price. That is already anticipated by majority, so all we have to do is to prepare ourselves.
However, it’s also good to speculate if the current price will follow an upward movement consistently, which means we will come to witness more than $70k this time as everyone is expected. That is, if price correction will not be worst this time, and things will work out according to plan.