We've Been Here Before — A Positive Post To End The Day 👍
For everyone who has been panic selling today and everyone who has been yelling that the end is near and this is the worst crash ever.
Remember the Corona crash? In a very short period, Bitcoin dropped ~50%.
Moreover, Bitcoin traded in a similar pattern to its current one.
Do you know what happened next?
Bitcoin recovered strongly and broke out of the bull flag to the top. Afterwards, it rallied almost 600%.
Yes, history does not repeat itself; it rhymes. And yes, we can't compare August 2024 to spring 2020.
However, I think it is important to reflect that today wasn't crazy like it probably felt — and we have a good chance of super bullish autumn and winter.
$BTC #bitcoin☀️ follow me