Bitcoin has fallen back to more than 15% down from its mid-March peak, dropping to a ten-day low of under $62,000 on Monday morning.
On April 28, an analyst feed ‘Stockmoney Lizards’ noted that the halving was over, but bitcoin continues to print red candles.
They said that we are not at the end of the bull market but added a gloomy prediction that what we see is a correction that could send prices back to the $50Ks before continuing:
“Call it triple top, call it Wyckoff distribution. Bitcoin is in correction mode,”
#Bitcoin
Halving is done and yet, Bitcoin continues printing red candles. Is this it for this cycle?
A lot of folks are insecure, especially in light of the geopolitical and macroeconomic situation
Let’s take a look at some charts and indicators.
A pic.twitter.com/bQ2nDITrAq
— Stockmoney Lizards (@StockmoneyL) April 27, 2024
More Pain Before Gain
In essence, a correction is necessary after half a year of solid gains. War, recession fears, inflation, and reduce
We współpracy z: https://cryptopotato.com/bitcoin-could-fall-to-50k-in-correction-mode-says-analyst/
