Having become extremely overbought, and coming into the release of the latest US CPI data, Bitcoin suffered a huge $7,400 correction in a matter of just two days. Is this something for investors to be concerned about, or was this just a blip in Bitcoin’s rise into the final leg of the bull market?
Bitcoin was just too overbought
US CPI data came in slightly hotter than expected, causing a 0.4% fall in the S&P 500 Index, but the tech-heavy Nasdaq ended the day higher. Now these inflation figures are known and priced in, some stability can potentially return to markets, that is of course, if Wednesday’s PPI figures do not cause more concerns.
As far as Bitcoin was concerned, the latest sharp correction was far more likely to be caused by too much elation and overbuying than the odd 0.1% on top of the expected US monthly inflation print.
On just about every short-term indicator the $BTC price was very overbought and a market-calming correction was exactly what was nee
We współpracy z: https://cryptodaily.co.uk/2025/07/bitcoin-btc-dips-7400-just-a-temporary-blip
