تردد القنوات

Bitcoin price correction hints start of altseason, trader suggests

BTC price momentum started in October and helped the world’s top cryptocurrency make significant strides, gaining nearly $10,000 in the past month.

The Bitcoin
BTC

tickers down
$42,062

price recorded a sharp correction on Dec. 11, dipping 7% and wiping out the gains of the past seven days. The strong price correction pushed BTC to a four-month low of $41,329.

A decline in prices of altcoins followed the Bitcoin price correction, many of which recorded double-digit drops. However, market pundits and analysts believe the recent price

crash is a part of the ongoing price cycle, and after two months of bullish surge, a correction is no surprise.

Crypto analyst and co-founder of Reflexivity Research Will Clemente said that correction and market volatility shake out weak hands and cool the highly leveraged crypto markets.

Crypto trader Remen wrote in an X (formerly Twitter) post that he believes the recent dump could

push altcoins into another bull run. He added that it will take a long period of chops for Bitcoin to resume an uptrend, as Bitcoin dominance has topped out.

إقرأ أيضا:FedNow “early adopter” list contains no blockchains, but some may integrate later
السابق
Bitcoin new high set for late 2024, Binance to lose top spot — VanEck
التالي
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise

اترك تعليقاً