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 …
Read The Full Article Bitcoin Price Analysis: BTC Holds Critical Support Despite 20% Correction On Coin Edition.
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Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play
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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 …
Read The Full Article Bitcoin Price Analysis: BTC Holds Critical Support Despite 20% Correction On Coin Edition.
Read More
Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play