BTC back to $16 000

22 feb 2021

BTC has always had a massive retrace after its parabolic runs and here we can see they extend past 70% usually. BTC makes such massive highs in such a short amount of time that it has to establish support on the way down. If BTC has reached its ATH and this run is potentially over than we can most certainly see BTC below $20 000 again.

If you look back at this chart you can see after every major parabolic run it has more than a 70% pullback.

Don't Hold on to your Long Term holdings slowly take profits and ease your way out of the market. There has to be a correction at some point.