Wow, I didn't really expect that. Kind of took the day off didn't pay much attention to the charts or price. Just before going to bed decided to give it a look and saw that it touched 12k. Went to bed feeling good, woke up 8 hours later and saw it sitting at around 11k. So over the last 24 hours, btc has made a low of 10.6, a high of 12.1, and is currently trading at 11,175.
I was told just the other day watching btc price isn't for the faint of heart, just a few quick days later and the story checks out. Starting to feel more and more like when I first came to the space.
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Scary stuff XD
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Hold on tight
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Volatility works both ways. We love the ability for Bitcoin to rip your face off rally, but then we're for some reason shocked when it also pings back?
In this case, it's not even close to an equal drop. Much more a simple reversion to the mean.
Healthy price action for a volatile market like Bitcoin, if you ask me.
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I agree with what you're saying, if it's going to rip to a new ATH how can we really be shocked when it pulls back along the way? And like you said it's not even an equal drop, so maybe next time we pump we establish a new floor? A volatile market is a healthy market when it comes to crypto.
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