When is the FIRST real bullrun correction over?
I compared it with the
BTC ‘20 & ‘21 bullrun.
After breaking the ATH in 2020 #Bitcoin had a parabolic move of 39 days. After making a local top at 40K it corrected with 30% and after 31 days Bitcoin broke the old ATH.
So 41 days after breaking ATH the first correction is here. Don’t be surprised if
BTC tends to go a another leg down like in 2020. To keep the bullrun intact Bitcoin should not go lower then the 50 TEMA.
So if history repeats #Bitcoin should make a new ATH mid Jan. next year.
IMO i don’t believe
BTC will correct 30% from the top. With all institutional interest and #ETF’s is highly unlikely.

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I compared it with the
After breaking the ATH in 2020 #Bitcoin had a parabolic move of 39 days. After making a local top at 40K it corrected with 30% and after 31 days Bitcoin broke the old ATH.
So 41 days after breaking ATH the first correction is here. Don’t be surprised if
So if history repeats #Bitcoin should make a new ATH mid Jan. next year.
IMO i don’t believe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.