Bitcoin (BTC), the largest cryptocurrency in the market, has been trading sideways since experiencing a drop of over 5% on Monday. Despite this decline, Bitcoin has found support at $27,200, preventing further drops that could potentially jeopardize the next bull run of the leading cryptocurrency.
However, many investors wonder whether Bitcoin will show any signs of recovery shortly. Will the cryptocurrency market see a resurgence of bullish sentiment, or will the current bearish trend continue?
Bitcoin’s 70-Day Correction, Is May 19th The End Date?
Jesse Olson, an experienced cryptocurrency analyst, has recently shared his insights on Bitcoin’s performance since the bottom. According to Olson, Bitcoin has experienced two major breakouts since its lower lows, with the first resulting in a 54% gain and a subsequent correction of 22% that took 70 days from a pivot low to a pivot low. The second breakout has resulted in a 58% gain, followed by a current correction of 13%.
However, Ols
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