BTCThe previous history of the ) is that it has formed local tops in response to market events. This was evident in the recent launch of Bitcoin ETF (exchange-traded fund) on October 19. It led to a 53% monthly rise to $67,000, an all-time high.In order to find out if the 10% correction, which was briefly below $60,000, was short-term profit taking for investors or an end to the bull market, they are now trying understand why the price fell so low. Traders will have to examine BTC’s price history to determine if there are any similarities.

Price of Bitcoin in USD Source: TradingView