Was that it?!
Bitcoin already looking pretty good...
Bitcoin plunged to $59k yesterday, was that it already?
If you recall, in the past when bitcoin went up it plunged right before.
It was almost like it had to plunge in order to go up.
Something like this:
(Source: https://x.com/AurelienOhayon/status/1805619213152731552/photo/1)
The plunges wipe out the leverage and flip everyone around.
It makes sense when you think about it.
Very hard to trade though.
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It would be nice and very plausible. I wonder if we go way lower though kind of like what happened in 2019 or in 2021. Major pullbacks and then we surge back up. These cycles are tough to time in a lot of ways.