Fantastic comment @crypto-investor
I agree 100 percent. And I think that some price consolidation is healthy right now. The type of exponential growth we were seeing in the crypto markets, especially in the last couple months, was just flat out unsustainable.
I've been in crypto for the better part of six months . . not long, compared to many others, but long enough to know when I see correction and consolidation. The attempt at washing out the weak hands. And then, wouldn't you know it, many coins bounced right off the 50 percent retracement, like clockwork.