Tags : Corrections

Bitcoin

Bitcoin may suffer several corrections on its way to $200,000,

Peter Brandt, veteran trader and author of “Diary of a Professional Commodity Trader,” pointed out that while Bitcoin’s (BTC) price could reach $200,000, history shows that it’s prone to massive corrections of 30% or more. “In the 2015-2017 bull market in $BTC, there were nine corrections exceeding 30%. Since the Mar 2020 low, there has […]Read More

Bitcoin

Bitcoin Weekly Outlook: Expect Mild Corrections Ahead of Holiday Period

At 22.49 percent higher, Bitcoin logged its best week since April 2019. The benchmark cryptocurrency ascended to its lifetime record level of $24,300, up 22. as traders assessed its growing prominence as an emerging safe-haven alternative among institutional investors. The sentimental shift towards Bitcoin occurred as some of the most traditional hedging assets reflected a […]Read More