The post Crypto Analysts See Looming Correction Ahead For Bitcoin, Before Hitting $80K appeared first on Coinpedia Fintech News
Bitcoin’s recent consolidation around the $70,000 mark has caught the attention of investors, with prominent cryptocurrency analyst Michaël van de Poppe predicting Bitcoin to hit $75k – $80k before the upcoming halving. Meanwhile, analysts see the presence of a bearish divergence, signaling a correction ahead for bitcoin.
Bitcoin In the Consolidation Phase
According to van de Poppe, Bitcoin is currently in a consolidation phase, suggesting that the cryptocurrency is stabilizing after recent price fluctuations. This consolidation phase typically indicates a period of indecision among traders, often preceding significant price movements.
#Bitcoin consolidating.
I think that we’re close to the peak of this run, but I think we’ll have another ATH test, perhaps even $75-80K pre-halving and then we’re correcting.
During that consolidation / cor
We współpracy z: https://coinpedia.org/price-analysis/crypto-analysts-see-looming-correction-ahead-for-bitcoin-before-hitting-80k/
