That's definitely something go up technology...
It does feel like the market digested the profit taking from the run up to the ETF approval and now we're settling back in to resume the bull run. I don't expect this will change until the mtgox coins are distributed, or if they aren't distributed by April maybe we'll see some more profit taking on the run up to the halving. It's almost time to kick the tires and light the fires though. A matter of months now.
I doubt the MtGox coin will ever be distributed because some of the creditors said
they have received payments via Paypal and the process is never without glitches as some received double payment. Other may receive BTC but it is not clear if they will actually distribute BTC before the October 2024 as the have postponed the refund several times.
With Bitcoin halving happening in April and the news of this refund hovering around, it becomes uncertain what future price trajectory BTC will take.
