The euphoria of the bull market appears to have come to an abrupt halt as the crypto market correction continues and digital assets continue to fall. Popular market analyst “Cold Blooded Shiller” on April 16 told his 269,000 followers that Bitcoin is still “the cloud hanging over crypto.” 😱

BTC has retreated 15% from its peak high on March 14, but historical market cycles have seen corrections of more than 30%. This could potentially send BTC prices back to around $51,000, which could send other altcoins falling even further.

There was a 25% correction at the start of the 2021 cycle, which sent BTC prices crashing from over $40,000 to $30,000 in a month. So, a 30% pullback from $73,000 would take the price back to the $50,000 level, which doesn't seem out of the ordinary considering previous market moves.

What do you think about this? Come on, discuss it in the comments column!#cryptonews#bitcoin #marketanalysis