Can we keep going or nah?
This is a pretty big correction...
Bitcoin historically corrects in bull markets, but this is a big one.
Check it out:
(Source: https://x.com/thescalpingpro/status/1905885135393706165/photo/1)
Normally this late in the bull cycles we don't see this big of a drop.
That is my only concern here.
Otherwise I would be all bulled up and saying buy buy buy.
The ETFs give the big shorters a powerful tool to pummel the price with. Thats different this cycle.
Yep, that is true. It will also provide some short covering on the way up as well. I think we still have our big run later this year. Historically we peak in November following the halving year, which points to November of 2025. History may repeat again here.