Bitcoin Clown World #87 – Bitcoin Market Correction Continues Kraken May Have 1500 Hacked BTC
Bitcoin is now in a correction. Corrections usually go as severe as 50-66% in bitcoin terms and 33% in stock market/normal equity market terms.
Btc is much stronger fundamentally and more mature than in the past, so this bitcoin correction shouldn’t be any more severe than a 33% drop from $9,000, which equates to around $6,000 usd. Anything is possible but corrections ALWAYS occur during bull markets, and quite frankly, this was long over due.
Ride the bear as Steve Ballmer use to say (kind of a misnomer, we’re in a bull market during a correction).
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