$BTC #BTCBelow80K

Let's talk about Bitcoin's drop below $80,000.

Historically, Bitcoin has shown a cyclical behavior, divided into four main phases: accumulation, exponential growth, bubble (or euphoria), and correction. This pattern is often influenced by halvings, scheduled events that halve the reward for mining blocks, creating scarcity and often triggering bull markets over time.

If the recent drop aligns with previous cycles, we might be witnessing a correction phase where prices find new lows before stabilizing. It is normal for some investors, like you, to prefer waiting for prices to drop further to take advantage of a potential buying window at lower prices. This is known as "waiting for the capitulation point" in market terms.

DYOR