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After hitting an all-time high of $124,457 on Aug. 13, Bitcoin (CRYPTO: BTC) dropped, bounced up a bit, then continued sliding to its recent price of about $110,000.
Not surprisingly, crypto investors are now asking: Is the current Bitcoin rally over, or is there still more to come? To answer that, let's take a closer look at the data.
The big picture
First of all, investors need to remember that cryptocurrency is a remarkably volatile asset class. Prices can swing wildly on a monthly, weekly, and even daily basis. So a 12% decline is really nothing new. In previous Bitcoin rallies, plunges of 30% or more have been the norm.
Moreover, if you step back and zoom out, nothing really seems to be amiss with Bitcoin right now. It's...