“Buy The Dip” Out of Fashion
It’s difficult to know if there is more bouncing around or correcting to do. But regardless of whether there is or not, and least we see talk of buying the dip went out of fashion quite quickly:
We see in the above chart that talk of dip buying has returned to levels comparable to before the move above 8k BTC.
On the other hand talk of correction has done something similar:
But at least there was more talk of correction near the 13.7k BTC than there was of buying the dip.
Here is a bonus chart for you showing spikes in the mention of lower targets near the bottom of the recent dip to 9.7k BTC:
I did not include 9k in the above search because 9k would have been kind of reasonable. I want to show occurrences the more unreasonable or irrational targets.
NB: none of the above information tells us what the very next move is. None of it tells us if a new high will be made in the near future, or if more correcting is needed first. However, hodlers could taken it as an encouraging sign there could be further gains in this overall rally from 3.2k BTC.