Did the Bitcoin (CRYPTO:BTC) price fly too high too fast?

The Bitcoin (CRYPTO: BTC) price has slipped again over the past 24 hours, down 1.2%. Bitcoin is currently trading for US$51,826 (AU$68,192) having dropped as low as US$50,662 earlier in the day (or night, depending on time zones).

There’s been plenty of trading going on, with data from CoinDesk showing US$63.86 billion worth of Bitcoin has changed virtual hands in the past 24 hours.

But with the Bitcoin price now down 16% from its 14 March record high of US$61,557, crypto investors are asking themselves whether the digital token flew too high too fast.

Did the Bitcoin price fly too close to the sun?

You may recall the ancient Greek story of the inventor Daedalus. He’s the one who constructed wings from feathers and wax so he…