Perspective! Too Big Or Too Small? 40K Is Not The Bottom!

8月13日

I tend to agree with everybody. When someone says something to me, I first open up and see things from your point of view. Whatever you are saying, I take it first as true and as a fact. In this way, I can better understand you.

People say that Bitcoin can no longer move lower because the current correction is already "too big" by any standard... I agreed, earlier today when I received this message, and started to process it with an open mind.

Then I can upon this chart and it reveals a different picture.

While I keep an open mind, I still have my on point of view, my own perspective.

Accepting your point of view I can see things that I would miss if I remained closed.

So we need to put things in the right context.

Too big in comparison to what?

Bitcoin's latest correction seems pretty small, by any and all standards.

If we consider past history, the current correction is just a mild drop.
If we go by Bitcoin's price, nothing changed so far compared to several weeks ago.

Now, if we look at this chart, it seems that the current correction is really, really small, compared to the entire bullish wave.

Bitcoin can even move to $42,000, to $40,000, $38,000, to $36,000 and even $33,000 and still, the correction wouldn't seen big at all.

Bitcoin is likely going lower because this correction is just too small.

Bitcoin tends to produce strong swings to both sides.
It is a young market.
It is a volatile market.

We will have small corrections when Bitcoin matures and evolves.

👉 40K is not the bottom.

Thanks a lot for your support.

Namaste.