Bitcoin (BTC) Correction up to 52.6k or trend to 80k
Bitcoin (BTC) had a lot of upward impact due to the breaking of its new all-time high (ATH) and the FOMO that exists due to the fact that the "Bitcoin Halving" is coming soon, there are few blocks left for its mining to be reduced to half and its intrinsic value increases considerably, but previously you must understand how important it is for an asset to correct itself, whether to close imbalances/gaps or reach a certain considerable point in % to rebound and continue with its trend in high temporality Daily/Weekly /Monthly depending on your taste when analyzing the chart to satisfy your confirmation bias when trading.
Given the previous explanation by logic and laws of the financial market, BTC continues to be an asset that fluctuates and has intrinsic value due to the inertia of the same people who buy it. But what if it collapses without having a healthy correction, how serious would it be? Well, in that case, cases that are contrary to what is expected in one's own analysis must be managed and planned, going to how important is the possibility of a correction to $52,600 even lower, taking into account that there is participation of large institutions financial and much more trading volume compared to recent years, one or more would think that BTC could go to 100k or higher nominal at this target because of the holders, miners, traders and investors who are FED UP, they do not see what could come in case of a healthy correction and in the publication why do I mention 80k and not 100k, since it is closer to the ATH than 100k for the simple fact that both targets or psychological ceilings, round numbers at first glance to have a point limit/limit and then give its regression or correction thereof. What I expect within these months is a healthy correction to 52.6k or lower for its future upward momentum, of course this must break a significant trend line but if it is respected there are more chances of going for 80k fully and continue doing ATH.
MattSZ
Given the previous explanation by logic and laws of the financial market, BTC continues to be an asset that fluctuates and has intrinsic value due to the inertia of the same people who buy it. But what if it collapses without having a healthy correction, how serious would it be? Well, in that case, cases that are contrary to what is expected in one's own analysis must be managed and planned, going to how important is the possibility of a correction to $52,600 even lower, taking into account that there is participation of large institutions financial and much more trading volume compared to recent years, one or more would think that BTC could go to 100k or higher nominal at this target because of the holders, miners, traders and investors who are FED UP, they do not see what could come in case of a healthy correction and in the publication why do I mention 80k and not 100k, since it is closer to the ATH than 100k for the simple fact that both targets or psychological ceilings, round numbers at first glance to have a point limit/limit and then give its regression or correction thereof. What I expect within these months is a healthy correction to 52.6k or lower for its future upward momentum, of course this must break a significant trend line but if it is respected there are more chances of going for 80k fully and continue doing ATH.
MattSZ