Bitcoin Correction Weakest of 2021 so Far
Nothing to fear in the grand scheme of things. We are currently right over $57K and I’ve got a good feeling about December – although I had one about November but we won’t dwell on that
Bitcoin correction weakest of 2021 so far as hopes of Santa Claus rally rise
“We’ve certainly experienced the correction: Bitcoin (BTC) hit an all-time high of around $69,000 on Nov. 10 and has since retreated around 17% to current levels.
Some mainstream media outlets such as Forbes have taken the view the current pullback has plunged markets back into bearish territory with the rather salacious headline ‘Did Bitcoin Enter A Bear Market After Falling 20% From Its ATH?’ on a Tuesday article.
But November’s dip was actually the weakest correction of 2021, overshadowed by Bitcoin’s whopping 53.4% correction over three months between April and July. The most recent correction in September was the second-deepest, reaching 37% from April’s ATH.”