#Bitcoin Volatility Returns: Correction Could Last Weeks

Bitcoin (BTC) could be heading into a correction phase that may last for "weeks and weeks," according to several market analysts. After reaching highs above $70,000, the cryptocurrency has shown signs of weakening momentum. Factors contributing to this potential downturn include declining trading volumes, regulatory uncertainty, and profit-taking by institutional investors. Technical indicators such as the Relative Strength Index (RSI) suggest that Bitcoin is overbought, while macroeconomic pressures—like rising interest rates—continue to dampen risk appetite. Analysts warn that if Bitcoin fails to hold key support levels around $60,000, a prolonged bearish phase could follow. Historical patterns also show that such corrections are common after strong bullish rallies. While long-term fundamentals remain strong, traders and investors should brace for potential volatility and re-evaluate short-term strategies. As Bitcoin navigates this uncertain terrain, caution is advised, especially for leveraged positions or short-term speculative trades.$BTC