Bitcoin\u2019s price crashed hard in the past week, losing over twenty grand in just days and dropping to the lowest levels since mid-November 2024.<\/p>\n
Such a substantial price decline naturally brings the question of whether this is just another \u2018normal\u2019 dip or whether the bull market has been cut short.<\/p>\n
Who else can lead the \u2018end of the bull market\u2019 sentiment other than the permanent BTC bear \u2013 Peter Schiff? After all, he uses every opportunity to bash the asset, even if it\u2019s charting massive gains and outperforming his favorite asset \u2013 gold. So, what would he do when bitcoin\u2019s price is tumbling \u2013 that\u2019s right, go on a bashing spree?<\/p>\n
In his latest barrage against the largest cryptocurrency, he advised people to move away from its \u2018bear market rally\u2019 and join the \u2018bull market rally\u2019 in gold as both headed in different directions on Friday. BTC finally bounced off after several days of consecutive declines and went from the aforementioned multi-month low to $84,000-$86,000. In contrast, the precious metal retracted to under $2,850.<\/p>\n
Bitcoin rallied back from below $79K to above $84K. Meanwhile gold corrected from above $2,950 to below $2,850. This is a great opportunity to use Bitpay to sell the bear market rally in Bitcoin and buy the bull market dip in gold. https:\/\/t.co\/P21SuYSUub<\/a><\/p>\n \u2014 Peter Schiff (@PeterSchiff) February 28, 2025<\/a><\/p>\n\n Although he\u2019s always pessimistic, Schiff\u2019s words are not without merit. Aside from the dropping BTC price, the network behind the asset has seen a substantial decline<\/a> in terms of activity and even hash rate and mining difficulty in the past few weeks.<\/p>\n All of those, combined with the growing number of ETF outflows<\/a> in the States, as well as Trump\u2019s controversial policies, have led many to question whether the curtain has closed on this cycle\u2019s bull run.<\/p>\n Even February betrayed BTC. A historically bullish month, especially after a halving year, has brought tons of gains for the asset. However, February 2025 turned out to be the worst for BTC\u2019s price in over a decade<\/a>.<\/p>\n BTC is known for its highly volatile price moves in both directions. It has a long history of going down by double-digits after an explosive rally, and many argued that there wasn\u2019t a real correction during this cycle, although it dipped toward $90,000 on a couple of occasions after it peaked above $100,000.<\/p>\n In fact, even the one that brought it to $78,000 on Friday, which is a 28% drop from the all-time high in January, is not that violent compared to previous crashes.<\/p>\n List of Bitcoin corrections in the run-up to $20k in 2017: List of Bitcoin corrections in the run-up to $69k in 2021: \u2014 matthew sigel, recovering CFA (@matthew_sigel) February 28, 2025<\/a><\/p>\n\n Consequently, bitcoin OGs like Adam Back noted<\/a> that such dips are \u2018normal\u2019 in bull markets and advised people to \u2018zoom out.\u2019 Crypto Rover told<\/a> his 1.1 million followers that if they had survived this dip, they would \u2018get rich.\u2019 One analyst even outlined a highly bullish target of almost $300,000.<\/p>\n My #Bitcoin<\/a> bull market price target is $280,000! pic.twitter.com\/JfXqpZ4iCX<\/a><\/p>\n \u2014 CryptoGoos (@crypto_goos) February 25, 2025<\/a><\/p>\n\n The post Is the Bitcoin Bull Run Over After BTC Crashed by $20K in 5 Days?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price crashed hard in the past week, losing over twenty grand in just days and dropping to the lowest levels since mid-November 2024. Such a substantial price decline naturally brings the question of whether this is just another \u2018normal\u2019 dip or whether the bull market has been cut short. End of Bull Market Narrative […]<\/p>\n","protected":false},"author":0,"featured_media":48800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48799"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48799"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/48800"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Not-So-Fast Narrative<\/h2>\n
\n-41%
\n-38%
\n-29%
\n-34%
\n-41%
\n-40%
\n-27%<\/p>\n
\n-21%
\n-17%
\n-31%
\n-26%
\n-55% (!!)
\n-25%<\/p>\n