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Is excessive bullish optimism behind Bitcoin’s drop below $60K? -Breaking

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BTCThe market anticipates certain events and local tops have a long tradition. It was the same with Bitcoin’s recent exchange-traded funds (ETF), which saw a 53% rise to an all time high of $67,000.Investors are trying to determine if this 10% correction is a healthy, short-term profit taking move or the end for the bull run. To determine this, traders need to analyze BTC’s previous price activity to evaluate the possible similarities.

Price of Bitcoin in USD Source: TradingView

Price of Bitcoin in USD Source: TradingView
Coinbase price in USD for Bitcoin TradingView
Bitcoin futures 3-month term annualized premium Source: Laevitas
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