Crypto traders are stressing that the Bitcoin price correction is “exactly what the cycle needs” right now.
Bitcoin (BTC) has declined approximately 20% over the past three months, but crypto traders are unfazed by the decline, claiming it is just a routine correction in the market cycle.
“This is the 4th 20% correction in BTC in 12 months...pretty ordinary stuff,” CEO of Real Vision Raoul Pal stated in an April 30 post on X — comparing its current price level to when Bitcoin hit its all-time high of $75,830 on March 14.
“This is exactly what the cycle needs to resynchronize with historical price norms and the traditional Halving Cycle,” pseudonymous crypto trader Rekt Capital wrote in a post on the same day.
