Leana Pervine ivp0
Open Trade
Occasional Trader
2.4 Years
12 Following
9 Followers
11 Liked
0 Shared
Posts
Bitcoin’s $BTC Upward Trend Is Strong — But a Correction Is Coming Soon
Bitcoin has been climbing steadily, showing impressive strength at high price levels. Yet, despite this momentum, I’m confident a wave of correction is on the horizon.
Before any big pullback, Bitcoin tends to consolidate near its peak, holding strong but not pushing much further. Based on historical patterns, I don’t expect Bitcoin to exceed $120,000 this cycle. For example:
After breaking $40,000 in January 2021, BTC only reached about $41,950.
In the first half of 2024, after surpassing $69,000, it peaked near $73,000.
Recent daily price action shows Bitcoin moving steadily within its upper channel without signs of panic buying. Although technical charts—whether daily or weekly—indicate Bitcoin is overbought, overbought conditions often persist until a sharp sell-off triggers a correction.
What usually triggers Bitcoin corrections?
Drops in U.S. stock markets
Negative news, like regulatory crackdowns or tariffs
Simply rising too fast and then cooling off
Currently, U.S. stocks aren’t crashing, and tariffs have already caused a past correction. So the most likely reason for an upcoming drop is just that Bitcoin has climbed too far, too fast.
There’s no need to fear missing out. Historically, the best buying opportunities come when altcoins drop sharply—often 30-40%—after Bitcoin’s correction. Remember January 2021, when Bitcoin’s pullback signaled the start of a booming altcoin season.
Stay patient, watch the market closely, and get ready for the next big opportunity.
#bitcoin
Bitcoin has been climbing steadily, showing impressive strength at high price levels. Yet, despite this momentum, I’m confident a wave of correction is on the horizon.
Before any big pullback, Bitcoin tends to consolidate near its peak, holding strong but not pushing much further. Based on historical patterns, I don’t expect Bitcoin to exceed $120,000 this cycle. For example:
After breaking $40,000 in January 2021, BTC only reached about $41,950.
In the first half of 2024, after surpassing $69,000, it peaked near $73,000.
Recent daily price action shows Bitcoin moving steadily within its upper channel without signs of panic buying. Although technical charts—whether daily or weekly—indicate Bitcoin is overbought, overbought conditions often persist until a sharp sell-off triggers a correction.
What usually triggers Bitcoin corrections?
Drops in U.S. stock markets
Negative news, like regulatory crackdowns or tariffs
Simply rising too fast and then cooling off
Currently, U.S. stocks aren’t crashing, and tariffs have already caused a past correction. So the most likely reason for an upcoming drop is just that Bitcoin has climbed too far, too fast.
There’s no need to fear missing out. Historically, the best buying opportunities come when altcoins drop sharply—often 30-40%—after Bitcoin’s correction. Remember January 2021, when Bitcoin’s pullback signaled the start of a booming altcoin season.
Stay patient, watch the market closely, and get ready for the next big opportunity.
#bitcoin
Login to explore more contents