Hi Everyone,
The pullback continues today, reverberating throughout the crypto markets and the popular brand name stocks.
As of the opening bell, Tesla was getting squashed, the Nasdaq index was down another 3% or so, and ether had dipped more than 33% from the peak last week to the lows this morning.
Is the party over? Is it time to take the money and run? Or is this just another regular bull market correction and time to buy the dip?
Well, nobody knows for certain, but we're more than willing to give some of the highlights on what's driving the price action at the moment and what the most likely scenarios are.
It's not like this downward pressure can be characterized as unexpected in any way, shape, of form.
Many market participants have probably been experiencing various levels of lockjaw over the last few weeks, due to the open-mouth gawking we've been doing, watching the markets climb to one high after another.
No doubt, there's only a certain amount of unrealistic gains that can be made in a single stretch without the market retracing back to normality.
Let's not forget that bitcoin's 200-day moving average is just now crossing $20,000.
