A big bearish Butterfly is a huge warning for correction: On the long-term monthly chart the price action has already entered in the potential reversal zone of bearish Butterfly move. This potential reversal zone stats from $ and ends at $ Therefore, if the rally will be continued eventually it can be ended up to approximately $30K and a big correction can be started. Like ConnorNix, @CryptoMichNL believes Bitcoin is due a correction. This, he predicts, will be followed by weeks of ranging price movement for the leading crypto, giving altcoins relief from the onslaught they have suffered to date. Following this, he predicts a final Bitcoin drop will precede a new altseason in January – March Jan 02, · Mark Newton, a crypto analyst, says that early January will bring about a bitcoin correction that may bring its good fortune to a halt.
Bitcoin correction coming soonBitcoin Correction coming soon for BITSTAMP:BTCUSD by cointrader11 — TradingView
So, I think there will be some opportunity [for] investors to be able to buy dips in crypto and bitcoin particularly. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
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Related Post. January 7, Post navigation Previous post: Ethereum in circulation lowest since last 5 year. Ethereum Classic. Bitcoin Cash. Advertise or Sponsored a Post. He mentions:.
All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower. So, I think there will be some opportunity [for] investors to be able to buy dips in crypto and bitcoin particularly.
Skip to main content. He mentions: All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower. Nick Marinoff. Bitcoin News. Bitcoin Price. Mark Newton.