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Something I could observe about the price of Bitcoin, and that whenever it passes the ATH, it hardly ever falls below the ATH again.
Bitcoin breaks its ATHs many times and make many new ATHs, but it's untrue to say Bitcoin hardly falls below a new ATH. It does fall below a new ATH many times, in correction, accumulation before making a new ATH, or in a bear market but Bitcoin is strong in a way that it always makes new ATH in a new market cycle.The yearly candle chart summarizes Bitcoin market cycles and rise discoveries.
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For example, when I entered the cryptocurrency market, the price of Bitcoin was less than $900, then it reached $3,100 and when it broke, it went to reach $10,000, but there was a correction and it fell a lot, but it didn't fall below $3,100.
When it recovered, it reached $20,000, but it fell again a lot, but it didn't fall below $10,000. After it recovered, it rose to $69,000 and when it fell, it stayed below $20,000, but it didn't fall below $15,000. Looking at this price history, I believe that the price will not fall below $50,000 anymore. It will probably stop above $69,000 for some time before breaking the ATH. $109,000
There are summary charts on this.When it recovered, it reached $20,000, but it fell again a lot, but it didn't fall below $10,000. After it recovered, it rose to $69,000 and when it fell, it stayed below $20,000, but it didn't fall below $15,000. Looking at this price history, I believe that the price will not fall below $50,000 anymore. It will probably stop above $69,000 for some time before breaking the ATH. $109,000
