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So, here we are, folks! Bitcoin is having what the experts are calling a “normal correction.” You know, just your average, run-of-the-mill dip that happens when the crypto world gets a bit too hot under the collar. According to the wise sages at CryptoMoon, the peak is still out there, lurking like a bad date you can’t shake off. 😅
Ben Simpson, the CEO of Collective Shift, is all like, “Don’t panic! The bull run isn’t over; it’s just taking a little detour because, let’s face it, global liquidity is about as pretty as a rainy day in London.” 🌧️
Apparently, this is only the third or fourth time Bitcoin has corrected by more than 25% this cycle. I mean, last cycle it was 12 times! Talk about a dramatic flair! 🎭 Bitcoin is currently down 24% from its all-time high of $109,000, which was just a few months ago. But hey, it’s just a “normal correction,” right? 🙄
Things got a bit too heated, and now it’s time for a cool-down. Think of it as Bitcoin’s version of a spa day. “We’re just waiting for the next big story,” says Simpson, who sounds like he’s waiting for the next season of his favorite reality show. 📺
Nick Forster, founder of Derive, agrees. He’s convinced Bitcoin is just in a “normal correction phase.” I mean, who doesn’t love a good correction? It’s like a plot twist in a rom-com! 💔
After Trump’s election, Bitcoin skyrocketed by 36% in a month. Now it’s trading at a mere $82,824. But don’t worry, it’s all part of the plan! Or is it? 🤷♀️
Adrian Przelozny from Independent Reserve chimed in, saying it’s not just Bitcoin feeling the heat; it’s all asset classes. “We might see a spike in global inflation,” he warns. Sounds fun, right? 🎉
Forster thinks Bitcoin’s current trend is just a prelude to a price rally, even if it looks like a rollercoaster ride at the moment. “Things could change quickly,” he says, which is basically code for “stay tuned!” 🎢
Charles Edwards from Capriole Investments is playing it cool, saying the odds of the bull run being over are “50:50.” So, flip a coin, folks! 🪙
And just when you thought it couldn’t get any more dramatic, Ki Young Ju from CryptoQuant declared that the “Bitcoin bull cycle is over.” He’s expecting 6-12 months of bearish or sideways action. Sounds like a plot twist worthy of a season finale! 📉
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2025-03-19 09:02