Four years ago, Bitcoin traded steadily for months after a brutal pullback from $20,000. But in the blink of an eye, it then collapsed by another 50% 👀
It's the start of a brand-new month — but according to some crypto analysts, Bitcoiners shouldn't be feeling too confident.
After the world's biggest cryptocurrency hit a then all-time high of $20,000 back in December 2017 — painful sell-offs were seen. But the middle of November sparked yet another brutal correction, and by December of that year, Bitcoin was languishing at $3,200. The markets had been spooked after U.K. Prime Minister Liz Truss had unveiled plans to slash the highest rate of income tax from 45% to 40% — a move that would have benefitted top earners.
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