I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
actually this even make the way to another ATH time and time again , Look at it now mate as the value reached another All Time High at almost 49k dollars.
after falling to 28k level in January , now it is a on the road to 50,000$
Of course ATH makes way for new ATH, that is how the system works right now thanks to all the hype and all the love it is getting, I enjoy it very much as well. When there is a correction, you get rid of the people who think bitcoin became as big as it could get and they feel like they should sell and get out and that is what they get from it, I personally believe that is wrong and I do not think that bitcoin has a "top" price, it will always go up, but when we get rid of those people, there are many more people who think like me left in the market, which causes it to go higher and higher and reach to nearly 50k levels.
This is something we should enjoy very much because as long as there are less and less sellers in the market, that means the price will go higher and higher. Hopefully we will see 100k+ this year, that is what I am hoping for.