Time To Pay Attention: Where The Bitcoin Bull Market Correction Might End

Bitcoin has finally corrected downwards after being on a bull rally for the better part of this week. This is an expected development for a digital asset that has grown so much in such a short time. However, while some in the market lament this downtrend, it is important to look at what a correction like this might mean for the digital asset. Because it may do more good than harm in times like these. Is This Correction Bad? For any upward recovery, there is bound to be a correction. This can be either good or bad depending on the circumstances surrounding the market movements. This time....

For all intents and purposes, Bitcoin is back in a bull market. But even bull markets don’t always simply move upward in a straight line. Along the way, the road gets rocky, and violent and volatile corrections wipe out weeks of progress made in a matter of one or two. Data shows that past bull market corrections average roughly 37% in downside, according to iconic career commodities trader Peter Brandt. If a similar correction follows […]

Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived dead-cat bounce to $11,200, Bitcoin price is back once again at $10,500 and trying to hold. Although the correction has been steep, the selloff closely resembles the last bull market’s most violent […]

Bitcoin fell sharply a few days ago, just hours after we warned of this likelihood in the last column. The fall was dramatic but stopped much sooner than I expected. I have spent the past few days looking for either a sign the fall was about to resume, or that the bull market would resume instead. After a long rally from the swing low, the market fell sharply upon reaching THE END OF THE 4TH SQUARE IN TIME. It found support precisely at the 2×1 Gann angle and the bottom of the 2nd square. That support would be found there would not be a great surprise, but still, it seems “not enough” of a....

Bitcoin has fallen just 17% from ATH which makes this correction the shallowest of the year so far. In previous bull market cycles, there has been a measurable correction before a rally at the end of the year — and if history rhymes it could be on the cards again.We’ve certainly experienced the correction: Bitcoin hit an all-time high of around $69K on Nov. 10 and has retreated around 17% to current levels.Some mainstream media outlets such as Forbes have taken the view the current pullback has plunged markets back into bearish territory with the rather salacious headline: “Did Bitcoin....