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Analyst calls this a ‘very natural corrective move’ for Bitcoin, before 2022
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The ongoing cryptocurrency market correction has reentered the zone of “extreme fear.” BTC was at its lowest since 7 September, when it crashed by over $10K in 24 hours. In fact, 26 November was particularly tumultuous for the entire market, with the bears clearly having the upper hand.
That said, despite the bearish momentum, the long-term narrative still looked bullish for Bitcoin. However, the question remains- is there a reason to worry about Bitcoin in the near term when the long-term
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