Bitcoin was traded Friday around $ 14,500 per bitcoin. Bitcoin was briefly up to $ 17,000 before it dropped to 14,500 on Saturday, then stepped back to 16,300, and then collapsed to under $ 14,000. I think that the decline is due to profit taking , keep in mind that the total annual increase is at the current rate is close to 1500 percent.!
There is an unbelievable amount of new market participants entering the crypto market, lots of FOMO and lots of FUD. my opinion is that we are definitely seeing a correction now, If bitcoin breaks below $ 14,000 then a pullback to $ 12,000 is very possible.
