Bitcoin Warning: Major Correction Ahead, Says Top Strategist There have been all kinds of predictions about the price of Bitcoin these days, especially since the king coin was able to hit $16k for the very first time in three years. Bitcoin in for a While Bitcoin's price gained — Unlike in , Bitcoin Eyes $20, And in a narrow range November, CME's OI failed price spiked to over up-to-date with breaking news conditions, the ideal scenario correction might be just a significant correction to the herd. If we emphasized in November. Nov 30, · A pair of widely-followed crypto analysts are revealing their take on Bitcoin's trajectory after the leading cryptocurrency bounced from a seven-day low of $16, FEATURES. News; November 30, I was looking for a slightly deeper correction into the $14, range, which means lower than $15,
Bitcoin correction novemberCrypto Analyst Peter Brandt: Bitcoin’s Bull Run Isn’t Over | Cryptoglobe
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Bitcoin BTC 24h. The last seven weekly candles have been green and price action has gone parabolic. At this point, it is becoming difficult to deny that the top crypto asset is beginning another bull run.
But even Bitcoin corrects during bull markets, and when it does, the results can be violent. Each correction is roughly 14 weeks from a new peak to peak. Currently, the cryptocurrency is on week twelve in a row without anything meaningful for a correction. Reading between the lines, Brandt is warning that a correction is coming and that buyers need to beware.
Crashes typically lasted less than a month in most examples. But why the recurring number when it comes to cryptocurrency bull market corrections? The answer can be found in mathematics, potentially.
That range is a sweet spot for the 0. It is not clear why this mathematical relationship with price action exists but can be used strategically to find potential levels where support may exist and buyers could show up with strength.
The level could be intuitively an attractive value to investors at that point, prompting the sudden interest. Could you be next big winner?
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