📉 Crypto in correction after recent highs.
After the records of Bitcoin and Ethereum, the crypto market shows signs of pullback.
💰 Bitcoin reached a historic high close to $124,269, but has pulled back about $9,000 from that peak, forming a possible double top.
Buyers are trying to re-enter between $114,500 and $117,330, although indecision persists.
🚀 Ethereum hit $4,870, but did not manage to exceed it. It is currently consolidating between $4,200 and $4,300. As long as it stays above $4,000, the chances of a bounce are good. Corrections are healthy after overbought levels.
🔹 Altcoins show more pronounced pullbacks, something common given their higher volatility.
🌍 External factors, such as geopolitical uncertainty (Russia-Ukraine), encourage profit-taking.
📊 Overall, as long as the total market capitalization remains above $3.5T, this pullback is healthy and does not indicate a bear market.
