Bitcoin has already returned to normal. Mid-term target is 240k!
Stop dreaming that there will be any significant pullback.
In this bull market, including the last bull market and the one before that, the chances of Bitcoin experiencing a substantial drop are minimal. The visible deep pullbacks are almost always black swans: 312, 519, 94, 10.11 and so on.
Now, with Bitcoin at the 80k mark, expecting it to suddenly drop 10k is actually very tough.
Moreover, it has already taken a significant hit; are you still hoping for further declines?
The macro outlook is bullish, the trend is up, it’s only going to go higher.
Right now, we might just see some sideways action; even the simplest accumulation strategies aren’t clear.
This is a classic case of market aftermath.
After being scared by the intense volatility earlier, every rise prompts fear of a pullback, and every lull feels like trouble, completely forgetting what a normal bull market rhythm looks like.
The Prince has always said, the toughest part of a bull market isn't being bullish, it's adapting to the rise. The first 95% of the time tests human nature,
while the last 5% is all about harvesting the indecision!