Bitcoin Price Analysis: BTC Holds Critical Support Despite 20% Correction

• Bitcoin has corrected 20% from its all-time high, now testing the critical $98.2k-$100k support zone.
• On-chain data shows record-high accumulation and a “local bottom” signal as leveraged traders were flushed out.
• The bullish thesis relies on macro support from the Federal Reserve’s anticipated Quantitative Easing (QE).

Bitcoin (BTC) is testing trader sentiment after a five-week correction phase. The flagship cryptocurrency has declined approximately 20% from its recent all-time high, driven primarily by a cascade of long-trader liquidations.

Key Midterm Targets for Bitcoin Price 

BTC Bull Case: A Critical Support Test

The Bitcoin price has retested and rebounded a crucial support level in the past few days. After teasing below $100k earlier this week for the first time since June this year, the BTC price is potentially forming a reversal pattern. 

In the …

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