Bitcoin went through one of its most spectacular runs in recent history since the US elections three weeks ago, skyrocketing from under $70,000 to just shy of $100,000.
The fear of missing out levels were on the rise as well, which typically signals a potential local top. Additionally, the Fear and Greed Index, the metric showcasing the current market sentiment, wasAs reported earlier, many analysts on X outlined that such a price decline after a massive rally is to be expected. In fact, they eventhat BTC had pulled back a lot harder in previous bull cycles, meaning that the asset’s bottom might not have reached yet.
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