Why a 30% Bitcoin price crash should not catch you off guard right now

The (BTC) price rally halted the moment Joe Biden was announced as the projected winner of the 2020 United States presidential election during the weekend, with the price dropping from $15,500 to $14,400.

However, Bitcoin is still continuously showing strength as it’s once again facing the final resistance zone at $16,000.

1-week chart. Source: TradingView