Although Bitcoin failed to maintain a price level of $69,000, many market participants believe that the current decline has created an opportunity for investors to accumulate chips. Will Clemente, co-founder of Reflexivity Research, pointed out that Tuesday’s events reminded him of Bitcoin’s trend around Thanksgiving in 2020. Back then, the bulls were focused on breaking the $20,000 price level, but Bitcoin experienced a sharp 15% drop after touching $19,500.
