The Calm Before the Rally? The Crypto Market Shakes and Prepares to Take Off
This week, the cryptocurrency market underwent a widespread correction. Altcoins, memecoins, utility tokens, and even the big players like Ethereum and Solana lost ground after weeks of bullish momentum.
What happened?
A combination of profit-taking, mixed macroeconomic data, and technical movements triggered a moderate correction. Nothing we haven't seen before, but enough to instill fear among the newcomers.
However, for those who know how to read the market… this smells like accumulation.
Bitcoin at the forefront of the change
Bitcoin retraced to the $107,000 zone but is already showing signs of recovery. Its current consolidation could be laying the groundwork for a key breakout to the upside, projected by many analysts toward new highs.
Support zone strongly defended
Institutions accumulating, like BlackRock and MicroStrategy
Technical indicators turning upward on daily candles
What does this mean for the market?
Altcoins could follow BTC's movement with exponential gains if it leads a new bullish phase.
DeFi and GameFi tokens could benefit even more from the return of risk appetite.
Bitcoin's dominance suggests that we are at a significant technical inflection point.
Conclusion:
The correction has already occurred. The fear has passed. And what is at stake now is enormous.
Get ready.
Because if Bitcoin breaks $112,000 strongly, we will be witnessing the beginning of a new bullish rally that could redefine the market in the coming weeks.
The stage is set. Whales are already positioning themselves. And you?
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GuruCoin Insights
