$BTC
History always repeats itself in astonishing ways. This time, Bitcoin dropped by 23% and then started to rebound. The previous average decline was about 21%, which is in line with expectations.
What's more magical is that this time, just like the Battle of 25K, there were also three consecutive attempts to breach 25K, then a fourth false breakout to lure in short sellers, followed by a sharp rally, all the way up to 50K, which is very remarkable.
So this false breakout may also be a signal for the start of a bull market. I still believe that any pullback is an opportunity to enter the market, after all, this year is 2024, the year of the big bull market consensus in the crypto space. Newcomers should not underestimate the power of consensus.
