#bitcoin

$BTC Technical Correction: Is $200K in Sight for 2025? 🚀

Bitcoin’s pulling back after hitting a record $123,400 in July, now trading at $113,993—a 7.2% drop. 📉 CryptoQuant’s Oinonen calls this a “technical correction” in a bullish trend, driven by macro uncertainty, bearish indicators, and liquidations.

Despite the dip, analysts are optimistic. Bitcoin’s price discovery phase is setting its fair value, and historical Q4 strength could push it back to its peak—or even to $200K if patterns hold. 📈 Binance’s high stablecoin reserves hint at capital ready to flow in if sentiment shifts.

But caution persists. The Coinbase Premium Index has turned negative, signaling weaker US buying pressure. A sustained rally may need stronger spot demand. 👀