Bitcoin's Parabolic Rise

When things go into their parabolic phase, the one thing that the market inevitably has a date with is some sort of mean reverting correction. And this applies to any and every market that goes into the same type of a parabolic rise. Bitcoin went full on parabolic through late 2020 into this first few weeks of January. It's using the analog of those high levels in its short-term rally. But what was the big warning sign to me was not that it had that three day market correction where we saw Bitcoin, you know, drop it.