Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
@rektcapital
This current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary
After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%)
Not only that, but we've seen deeper pullbacks in previous cycles
Major 2021 corrections: -31%, -55%, -25%
Major 2017 corrections: -34%, -34%, -38%, -40%, -29%
https://x.com/rektcapital/status/1901660510069645603
Please let this correction be eaten back up soon 🙏🏻
This current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary
After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%)
Not only that, but we've seen deeper pullbacks in previous cycles
Major 2021 corrections: -31%, -55%, -25%
Major 2017 corrections: -34%, -34%, -38%, -40%, -29%
https://x.com/rektcapital/status/1901660510069645603
Please let this correction be eaten back up soon 🙏🏻
You're Absolutely right, and the chart explains it in great detail.
We've learned something: Bitcoin doesn't disappoint It's hard to see the fiat value falling I see it as a strong Pullback , but one that helps us Gain strength.
I really like this X from Plan B Because it shows that it's at a crossroads, and since it's dropped so much, I think it can be interpreted as a Curve Toward what could be a possible Momentum.
X:https://x.com/100trillionUSD/status/1896696807079686270
This first Quarter has been a bit bumpy in the fact that many of us Expected to see a price Explosion, a huge ATH , it is possible that this correction, since it has been so long , could end at any moment.