Bitcoin’s historic bull cycle is still intact, despite widespread investor fear over the current correction, which may only be a temporary “shakeout” ahead of the next leg up, according to crypto market analysts.
Bitcoin’s ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”null”>BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/ether-price-surpass-4000-trump-inauguration” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/news/ether-price-surpass-4000-trump-inauguration”>Donald Trump’s inauguration, Cointelegraph Markets data-ct-non-breakable=”null” href=”https://pro.cointelegraph.com/users/sign_in” rel=”null” target=”null” text=”null” title=”null”>Pro data shows.
Despite investor sentiment dropping into data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-price-92k-crypto-market-sentiment-fear-analysts-unsure” rel=”null” target=”null” text=”null” title=”null”>“Extreme Fear” multiple times, historic chart patterns suggest that this may just be a…
