It's time to bust out the 2017 BTC bull market chart...

In case you are starting to feel a little uneasy about bitcoin and the current bull market, remember that this stuff isn't out of the norm during a bull market for bitcoin.

Back in 2017 there were 6 pullbacks of roughly 30% or more.

Check it out:

(Source: https://twitter.com/BTC_Archive/status/1385546089055522818/photo/1)

After every single major dip like this the price went on to rally by more than 100%.

The average gain was actually closer to 150% before the next major correction.

That means we are going to see a major push higher in the not too distant future that probably is setting is up for that move to $100k and beyond.

The only question is whether that $47k was the low or not, I'm guessing it probably was...

And remember, things don't always go straight up forever:

(Source: https://steemit.com/bitcoin/@jrcornel/nothing-goes-straight-up-btc-in-consolidation-mode)

But that's not a bad thing.

Things just need to rest and cool off a bit before going higher again.

It's what bitcoin has always done on just about any time frame you look at.

Stay informed my friends.

-Doc