#Bitcoin❗ has been "completely obliterated" and crashed down to 53,500, but has since recovered to around 56,500.
📉 Bitcoin's price has crashed below the 80 level multiple times, leading to significant negative movement.
📈 The 2021 Bull Run gives confidence for a potential rally, similar to what happened in 2019-2020.
📉 "We've never seen this other than 2019 so there's no guarantee that it has to follow this trajectory either."
📈 The RSI in this particular scenario is not as scary, with bull runs showing massive peaks sitting close to 100.
📅 Historical data suggests that it takes around 6-10 months post-halving before seeing a significant push to the upside.
🐂 Despite the crazy fud, we are still in a bull market and the entire 4-year period has been exhausting, with people in denial even during significant price movements.
$BTC