This correction has been brutal
Looking like a false breakout...
We were up near $125k about a weak ago, now we are barely holding $112k.
(source: https://x.com/Vivek4real_/status/1958583508227826106/photo/1)
That's roughly a 10% drop in less than a week.
Seems like a long time ago now.
Here's to hoping Powell does the right think and today marks the lows on bitcoin for the rest of this year!
@lieutenantdan, thanks for cutting through the noise and giving us this timely reality check on the Bitcoin price action! That chart from Vivek really paints a picture of the recent volatility. A 10% drop in a week definitely gets the heart racing!
Your succinct analysis and the call for Powell to "do the right thing" adds a layer of intrigue. I'm curious, what specific actions are you hoping to see from Powell that you believe will mark the low point for Bitcoin this year? Let's hear your thoughts and predictions! I know the Steemit community would love to delve into this further. Upvoted and resteemed!