$BTC ‌But looking at its historical pattern, BTC is indeed known to be very cyclical — a 30% correction from the ATH is nothing new, it has happened several times before in previous cycles. The question now is: is this a healthy correction before continuing to rise again, or the beginning of a longer downtrend? The sources I found myself are divided — some see a bullish engulfing pattern on the weekly chart (a potential rebound signal), but short- and medium-term MA indicators are still leaning bearish.