Bitcoin has dropped nearly 10% in the past four days, leaving investors wondering if the correction is done. Is BTC done sliding lower? This is unlikely, considering the technical and on-chain analytics. Analysts also forecast a further drop in the world’s largest crypto by market capitalization.
Is Bitcoin Correction over?
Since the September 27 swing high of $66,498, Bitcoin price has shed 9.50% and trades today at $60.3K. Thursday’s Asian trading session saw an uptick, but in the London session, BTC is down 2.05%,
Bitcoin price is down 0.65% today
Popular crypto analyst Crypto Capo noted that the crypto market was “looking heavy” and he “wouldn’t rule out a final shakeout.” Capo expects another 10% to 20% correction for Bitcoin. Considering the current level of $60.2K, this drop would push BTC down to the $48K to $54K range. The analyst ended his analysis by saying that he was “not selling my positions, but hedging. Just in case.”
Unlike Capo, Trader Mayne, co-
We współpracy z: https://coingape.com/markets/is-bitcoin-price-correction-over/
