Bitcoin news and prices - Will history repeat itself?

Bitcoin had a drop of approximately 50.84%, being in the red for 11 weeks straigh from week of 10th of May 2021 till week of 19th of July 2021. During all this fall, the volume was approximately 5.002 billion $.

Now, we have a similar pattern, where bitcoin is falling since the week of 15th of November 2021, till the current one, week 24th January 2022. Again, this is a 11-week period where bitcoin has fallen almost 50.72%, from 66325$ to 32975$, with a recorded volume of almost 4.703 billion $ (till today 25.01.2022).

There is a massive support level at 33K to 30K. In case bitcoin goes lower, then there is no certainty where it may stop.

Currently, the price is hoovering at the 78.60% Fibonacci level, of around 36246$. Gurus state that there is no possibility for bitcoin to fall again below 25K-20K$.

Let’s seat back and enjoy the ride. After all, the journey is all that matters, right?
However, it wouldn’t hurt to make some $$$ on the way...