On-Chain Metrics Indicate Bull Market Despite $6K Bitcoin Decline

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Such corrections are to be expected, said analysts.

Bitcoin went through one of its most spectacular runs in recent history since the US elections three weeks ago, skyrocketing from under $70,000 to just shy of $100,000.

After gaining more than $30,000 in less than a month, it was almost inevitable that the asset would eventually retrace, which happened yesterday as BTC was rejected at $99,000 and pushed south hard by over six grand in hours.

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