💥The price that #Bitcoin corrects to is ultimately dependent on whether or not price is parabolic.
If it is parabolic, then it could turn around at any moment. This also means that we would be likely to see a first cycle top like April 2013 and 2021 very soon.
If price is not parabolic, then it would revisit healthy supports like the 20 Week EMA currently priced at $53,627 and climbing.
Doing this allows for a smoother curve like 2016 - 2017.
Now is the pivotal moment between healthy price action, and a parabola.
*Source: CryptoCon*
