Why did BTC crash? A retracement or something serious.

The reason behind this article is nothing short of funny.

When I looked at the BTC price action recently and at this “Crash” I taught nothing of it, I said it’s only a retracement.

But that same day I went to the dentist and there, my doctor asked me what I taught about BTC crashing…

…I was kind of in a shock, not because of what he said, but because it came from a medical professional who is not all that into finance or even has time for it probably.

So, in my mind, he must’ve heard on some outlet news or from some friends and that means one thing and one thing only.

You know that saying: “When it’s on the news you are late already to the party” or “When your grandma starts to talk about it it’s too late”…

It was the same when BTC hit 17k, everybody was talking about it, but in a bad way: “IT’S GOING TO 0” / “IT’S A SCAM” / “FAKE MONEY”. (and the list continues) — well then I’ve bought the dip because I was seeing so many negative things about it.

And usually, the crowds are wrong when it comes to financial cycles.