I know after making ATH's that correcting to $52k doesn't seem bullish, or maybe even likely - but I would disagree. We have to remember that the market makers use time as a weapon against retail investors. With this being said, I am a firm believer in lengthened cycles, and believe that a correction of this size (25%) back to these levels would be healthy, as it would wipe the over leveraged positions out of the markets, and scare the weak hands away.
What do you ladies and gentleman think?
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What do you ladies and gentleman think?
Please remember to like and follow us if you haven't already, as we will continue to bring our cryptocurrency analysis to you in a timely manner!
As always this is not intended as financial advice. Cheers!