Bitcoin is currently down -15%.
During the 2016-2017 cycle, the average decline was -37.5%, while in the 2020-2021 cycle, the average correction was -23.8%.
A correction of 20%-30% could push Bitcoin price to levels between $75,000 and $86,000.
#Bitcoinpreviously rose from $70,000 to $100,000 without any major pullbacks.
Currently, there is a price gap on the CME at $78,000, and technically, it would be very healthy to retest these levels to gather liquidity and support a new upside move.
So, what do we do now?
โ If you have liquidity, some coins have reached excellent levels for gradual buy (DCA).
โ If you do not have liquidity, simply close the chart, enjoy your New Yearโs Eve celebrations, and come back later to review the market.
๐ซ Don't let fear control your financial decisions.
