Bitcoin has just experienced a significant correction, falling below $54,000. Some see this as the end of the bull market, but others argue this is a normal part of Bitcoin's growth and advise staying put. 📉
Even so, many analysts predict future rallies based on historical patterns and the latest halving. However, there are also those who argue that the bullish surge may have peaked due to recent events such as the Bitcoin ETF approval and the meme coin trend.
Crypto expert, il Capo of Crypto, noted the significant market decline but thinks investors should not “turn bearish”. "It's time to look at the bigger picture and stay calm. Wrong for now, but stay strong. Time will tell," he added.
Mikybull Crypto and Rekt Capital are among crypto enthusiasts predicting a future BTC rally based on the asset's historical performance. Rekt Capital thinks this major digital asset has not benefited from the BTC halving, which occurred in April this year.
However, there are also analysts who think that the BTC rally may be over. Ali Martinez for example, argues that Bitcoin ETF approvals, meme coin mania, and celebrity-introduced tokens may be all that this bullish surge has to offer.
What do you think? Is this the end of the bull market or just a normal part of Bitcoin's growth? Come on, discuss it in the comments column! 💬