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Bitcoin Price: How Far Could It Drop in a Potential Correction? Current Predictions!

  • In his latest post, a renowned crypto analyst shared insights on Bitcoin price predictions for the coming years.
  • Expanding his view, the analyst emphasized that the correction could be an opportunity for investors who missed suitable entry points during the ‘Green Year Accumulation’ phase.
  • The renowned analyst highlighted positive factors for Bitcoin’s future performance, expecting a new all-time high in the November-December period of 2025.

According to the latest reviews from a famous crypto analyst, Bitcoin price may face a correction: How deep will this correction be?

Possibility of Correction for Bitcoin Price

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In his recent post, the famous crypto analyst shared insights on Bitcoin price predictions for the coming years. He reaffirmed his belief that Bitcoin peaked at around $45,000 a few weeks ago. While supporting his claim, the analyst pointed out the Lower MACD Turning Down crossing below the Decreasing Cycle Mid-Upper Trend, indicating a possibility of a correction between 38% and 52% in BTC price.

In simpler terms, the analyst suggests that Bitcoin is at a significant pullback threshold, and the correction could be between 38% and 52% from the recent $45,000 peak. This implies the correction’s bottom level would be between $26,000 and $21,500.

Expanding his view, the analyst emphasized that the correction could be an opportunity for investors who missed suitable entry points during the ‘Green Year Accumulation’ phase. He sees this potential correction as a chance for investors to enter the Bitcoin market at more accessible prices. However, a correction between 38% and 52% from recent peaks may lead to the liquidation of highly leveraged long positions.

Additionally, the analyst anticipates that the correction will lead to a sideways period lasting approximately 5 to 6 months. While predicting possible BTC price corrections, he expects these declines to halt in May 2024, leading to an upward trend.

Bitcoin to Reach $130,000 in 2025

The renowned analyst highlighted positive factors for Bitcoin’s future performance. He mentioned anticipating a new all-time high for Bitcoin around late 2025, breaking $130,000. In his post on the X platform, he stated, “According to the Halving Cycle Theory, we should expect a cycle peak occurring within 21 days of November 28th, 2025.”

After carefully examining crucial price trials, the analyst predicts that Bitcoin will set a new all-time high of $130,000 by the end of 2025. However, BTC is currently experiencing declines, as the largest cryptocurrency was in the red at the time of writing. The Bitcoin price was trading at $42,950 with a 0.09% decrease.

BTC market capitalization was recorded at $836.59 billion with a 0.07% decrease. However, the 24-hour trading volume increased by 11.26% to reach $27.53 billion. After reaching around $45,000 last month, BTC recorded significant gains. The recent rise followed several correction sessions, aligning with the analyst’s prediction.

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Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
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