After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day. In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.
I think it was the expected price swing before the last surge of this bullrun cycle, so many people including analyst and trader with their TA already expected that the market will dumps a little bit before the bullrun begin, sort of accumulation phase, could be a good time to accumulate, if we really believe that the bullrun isn't over yet but there are many pessimist as well that said $74k was the peak, honestly I don't buy that kind of pessimistic take.with the presence of BTC ETF and ETH ETF, i don't believe price will decline below $55k even at the worst dips ever.