Was Bitcoin Bull operated after BTC’s breakdown by $ 20,000 in 5 days?

Bitcoin fell strongly last week, lost more than twenty days in only days and fell to the lowest levels since mid -November 2024.

This significant decrease in prices naturally brings the issue of whether this is just another “normal” decline or whether the emerging market has been reduced.

The end of the bull market narration

Who can lead the feelings of “the end of the bull market” other than the permanent BTC Bear – Peter Schiff? After all, he uses every chance to hit the original, even if it achieves enormous gains and outperforms its favorite origins – gold. So, what will he do when the bitcoin price collapses – that’s right, go in a blurring spray?

In the last father against the largest encrypted currency, people advised to stay away from the “market rally” and join the “Taurus Rally” in gold, where both were directed in different directions on Friday. BTC recently bounced after several days of successive declines and moved from the lowest level in several months mentioned above to 84,000 dollars-86,000 dollars. On the other hand, the precious metal fell to less than 2850 dollars.

Bitcoin rose from less than $ 79,000 to above 84 thousand dollars. Meanwhile, gold was corrected from more than $ 2,950 to less than $ 2,850. This is a great opportunity to use Bitpay to sell Rally Market Rallly in Bitcoin and buy a bull market in gold. https://t.co/p21suysuub

– Peter Chef (@PETERSCHEFF) February 28, 2025

Although it is always pessimistic, the words of chef are not without merit. Aside from the low price of BTC, the network has witnessed a significant decrease in the original to the rate of retail and the difficulty of mining in the past few weeks.

All of these, along with the increasing number of ETF flows in the states, as well as Trump’s controversial policies, have pushed a lot to ask whether the curtain was closed to run the bull in this session.

Until February betrayed BTC. A month of historical ascending, especially after a year of half, has brought a lot of gains to assets. However, it was found that February 2025 is the worst for BTC price for more than a decade.

Non -narration

BTC is famous for its very volatile price movements in both directions. It has a long history of descending through two numbers after an explosive gathering, and many have argued that there was no real correction during this session, although it decreased about $ 90,000 on occasions after it reached a peak from $ 100,000.

In fact, even those that raised it to $ 78,000 on Friday, a 28 % decrease from the highest level ever in January, not violent compared to the previous collision.

Bitcoin corrections list that preceded $ 20,000 in 2017:
-41 %
-38 %
-29 %
-34 %
-41 %
-40 %
-27 %

Bitcoin corrections in the period before $ 69,000 in 2021:
-21 %
-17 %
-31 %
-26 %
-55 % (!!)
-25 %

– Matthew Sigge, CFA Restore (Matthew_sgel) February 28, 2025

Thus, Bitcoin Ogs is like Adam again male Such declines are “normal” in the bull market and advise people “to reduce.” Crypto Rover He said His 1.1 million followers are that if they survive this diving, they will “become rich”. An analyst has explained a very fasting goal of about $ 300,000.

for me #Bitcoin The target price for the bull market is $ 280,000! pic.twitter.com/jfxqpz4icx

– Cryptogoos (Crypto_GOS) February 25, 2025