Bitcoin corrections can be worrisome especially when we've been spoiled by no 30% corrections the entire cycle.
But even with ETFs present, they must occur.
Price has yet to retest the 20-week EMA at now $55,600 which would provide stability for price going forward.
Data has reached overextended levels on many sources making this a much needed pullback.
As long as Bitcoin continues to retest this moving average, we can see a nice smooth curve like 2017 to the top.
Failing to retest begins a parabola, which typically end in 1 - 5 months.
Everything we're seeing is healthy for price action!
