The article discusses Bitcoin's 17.79% drawback from its all-time high and compares it to past cycles where the cryptocurrency experienced much deeper corrections, often beyond -80%. However, the current drawback is seen as relatively tame and indicates a stronger support system in the market. The article suggests that Bitcoin is adhering to its classical boom and bust theory, which may lead to either another upward push or a prolonged correction. The chart shows a recurring pattern of cast-down prices followed by euphoric gains. Compared to past corrections, the current drawback is considered mere noise. Traders are monitoring if Bitcoin can rebound from this shallow drawback, or if losses will extend to -30% or -40%. Long-term holders view this phase as expected momentum in the cyclical flow of Bitcoin. Overall, the article suggests that Bitcoin may eventually reach another near-term all-time high in the next phase of the cycle.



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