Bitcoin Hits 2024 Correction Levels—Signs Point to Bullish

Bitcoin fell over 21% from its $109,114 high, now trading at $85,205.

Short-term holder activity has declined, resembling patterns seen before mid-2024’s major rally.

Analyst Crypto Dan sees maturing market structure, hinting at possible upside after brief consolidation.

Bitcoin has endured a turbulent stretch in recent months. After reaching an all-time high of $109,114 earlier this year, its value has dropped more than 21%, unsettling even experienced investors. Currently priced at $85,205, Bitcoin has seen a 0.87% increase over the past 24 hours.