Part 2/13:
Since the peak in early October, Bitcoin has exhibited a pattern of lower highs and lower lows, signaling some underlying weakness. The recent decline has pushed the price closer to the $100K mark, raising questions about whether this signals an impending bear market or simply a correction within a larger bullish cycle. Interestingly, October turned out to be the third worst month for Bitcoin in its history, defying the usual reputation of October as a bullish month for many assets.
Despite these price dips, Bitcoin remains around the $100,000 level, which is notably resilient given the scale of recent sell-offs. The decline from its all-time high is roughly 20%, a correction that appears modest compared to past major crashes.