Expert Says Bitcoin’s Brief Pullback Is Healthy And Reasonable, Here’s Why
A seasoned market expert has shed light on Bitcoin’s current bearish performance, noting that the small price correction that has led to a significant liquidation of BTC positions is “healthy and reasonable,” addressing worries about its future potential. Bitcoin’s Bearish Move Not A Thing To Worry About? Bitcoin’s recent upward rally witnessed earlier last week […]
Related News
The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If […]
Bitcoin’s recent 10% fall from its all-time high of $124,500 in early August has sparked speculation about whether this is just a healthy pullback or the beginning of a market top. Now, popular analytics firm Glassnode has released its latest report suggesting that we could actually be witnessing a ‘historically late phase’ of Bitcoin’s current […]
Bitcoin appears to be quietly gathering strength beneath the surface. After a healthy pullback that shook out weak hands, the market is showing signs of renewed momentum. Key technical signals suggest this correction may have been a setup for the next major rally, potentially paving the way for a new all-time high. Healthy Correction Within A Dominant Uptrend EtherNasyonaL, in a recent post, highlighted that Bitcoin continues to maintain its upward trajectory despite recent market fluctuations. The analyst described the latest movement as a healthy correction within the broader bullish....
Bitcoin’s recent price action suggests a healthy pullback may be underway, setting the stage for renewed upside momentum. While short-term correction toward key support levels appears likely, the broader technical outlook still points to strength and potential continuation toward higher targets once consolidation completes. Bitcoin Enters The Expected Pullback Phase BeLaunch, in a recent BTC daily update shared on X, noted that Bitcoin’s price movement continues to unfold exactly as anticipated. The market appears to have transitioned into the expected pullback phase, signaling a temporary....
Strategy’s BTC holdings could be at risk following Technical expert Tony Severino’s revelation about Bitcoin’s current price action. The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point. Strategy’s Stock At Risk With Bitcoin’s 200-Day […]