Markets - Bitcoin Corrects Sharply From $124,000 All-time High
Bitcoin broke out to a marginal new all-time high above $124,000 but immediately sold off, indicating that the market may have gotten ahead of itself and BTC requires some more consolidation.
As predicted in the last update, ETH challenged the 2021 ATH at around $4800 and promptly retraced sharply. This is to be expected as many top buyers from the last cycle have been waiting for a long time to exit at breakeven. I remain optimistic on ETH as long as it stays above $4000.
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