Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

The bull market euphoria appears to have come to a screeching halt as the crypto market correction continues and digital assets keep dumping.

BTC has retreated 15% from its March 14 all-time high, but historical market cycles have seen corrections of more than 30%.1. There is a lot more strength present currently. Whatever factors you align this to, ETF, fundamentals, halving, it’s notable that BTC is holding up. So, a 30% retracement from $73,000 would take prices back to the $50,000 level, which wouldn’t seem out of place considering previous market movements.bear markets, stating that they start “when too many people buy too much coin, too high.” However, he remained a little more optimistic, stating that the market does not appear “top heavy.”

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is This the End of Bitcoin's 4-Year Bull/Bear Market Cycle?Dan Polotsky is the founder of CoinFlip.
Source: CoinDesk - 🏆 291. / 63 Read more »

Anticipated merger may return Trump to stock market with potential $3 billion stakeTrump's earlier foray into the stock market didn't end well.
Source: wsyx6 - 🏆 444. / 53 Read more »