Today, BTC suddenly broke below $80,000, seemingly a 'black swan', but in fact, there were already signs behind it.
In the past three months, Bitcoin has risen over 60%, with sentiment and leverage both piling up. On the technical front, CME futures have already left a gap between $78.5k and $79.2k, and filling it is just a matter of time.
This adjustment might be a 'healthy correction', building momentum for a more robust rise ahead.
What do you think? Is this a short-term washout, or a necessary step in the continuation of a bull market?
#Bitcoin $BTC