🔥🔥🔥Why Bitcoin's $45,000 Drop Is Simply a 'Normal Retracement' for BTC

Despite the Bitcoin price plummeting over 25%, on-chain metrics show there is still room for growth.

Bitcoin [BTC] is down 13% on the weekly chart and trading below $55,000. This week's sell-off erased most of the significant gains made in the first quarter.

The decline has worried the market, with some saying the price rally may be over. 

However, the founder of crypto hedge fund Capriole Investments, Charles Edwards, claimed this sell-off was “normal.” 

BTC lost nearly $20,000 from its peak of $73.7k in March to its recent low of $53.4k. That is a decrease of about 26%.

Meanwhile, despite the negative sentiment, BTC still has plenty of room to grow. Historical price chart data suggests the market could peak by the end of 2025. 

Besides, indicators of the BTC cycle top are not yet too hot to signal that the top is here. 

Important metrics like MVRV (Market Value to Actual Value) and even the Puell Multiple, which evaluates miners' profitability, are not extreme. Therefore, this shows that BTC has many opportunities to increase in price.

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