Bitcoin Has Been in Roller-Coaster Mode Since the Beginning of 2021

What will be the outcome in the short term?

Illustration by @ssaurel

After an almost uninterrupted Bull Run since the beginning of October 2020, Bitcoin entered a different phase at the beginning of 2021. The price of Bitcoin first fell sharply on Monday, January 4, 2021. Its price went from $34.5K to $28.7K in a few hours.

This drop followed the new All-Time High (ATH) that Bitcoin had beaten on J…