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Bitcoin related thread

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BSF Senior Staff
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Aug 19, 2023
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30% correction? Normal for Bitcoin!


⭐️ CryptoQuant CEO highlighted that a 30% pullback in a Bitcoin bull cycle is completely normal.


In 2021, BTC dropped 53%, yet later reached a new all-time high!
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Bitcoin's 30% correction? Completely normal! In past bull runs, BTC saw similar pullbacks before hitting new all-time highs. Stay informed on crypto market trends. #Bitcoin #Crypto #HODL.

Yep, Bitcoin corrections like this are nothing new. A 30% pullback in a bull market is just part of the game.


Looking back:


  • In 2017, BTC had multiple 30-40% drops before hitting $20K.
  • In 2021, there was a 53% correction before BTC hit a new ATH.

Volatility shakes out weak hands, but long-term holders usually come out on top. Are you buying the dip or just watching this time?
 

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