Is the Correction Over?
In each cycle, from the bottom to the high in the pre-halving rally, #BTC has seen an increase of 330%-370%, followed by a minimum correction of -38% or, with the exception of the rule (pandemic), -62%.
At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction now.
#Bitcoin could drop below the 50k zone as there is a lot of liquidity waiting to be taken from there.
The price from here could have reactions, but I don't think it will make a new ATH from the low at $53,700.
At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction now.
#Bitcoin could drop below the 50k zone as there is a lot of liquidity waiting to be taken from there.
The price from here could have reactions, but I don't think it will make a new ATH from the low at $53,700.
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