Bitcoin

<ul><li>Bitcoin&#39;s historic achievement of closing above the .618 Fibonacci retracement level signals strong resilience and potential for further growth.</li><li>Near overbought conditions indicated by the 4-hour RSI suggest a possible correction in Bitcoin&#39;s price in the near term.</li><li>Despite short-term fluctuations, Bitcoin&#39;s long-term outlook remains optimistic, driven by increasing adoption and institutional interest.</li></ul><a href="https://cryptotale.org/expert-data-reveals-shift-in-bitcoin-holder-behavior-amid-current-price-surge/" rel="noopener noreferrer nofollow">Bitcoin</a> has made history by achieving a significant milestone in its price movement. As per Matthew Hyland, a prominent blockchain figure, BTC has closed a weekly candle above the .618 Fibonacci retracement level for the first time, from its cycle high to cycle low before the halving.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f14f896c276247c6af238cccbfdbc7d7.png" />Hence, it indicates a notable breakthrough in its price trajectory,<a href="https://cryptotale.org/analysts-foresee-bitcoins-ascent-to-200k-amid-volatility/" rel="noopener noreferrer nofollow"> showcasing</a> resilience and potential for further growth. At the time of writing, Bitcoin&#39;s price is <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$52,044.40</a>, with a 24-hour trading volume of $18.2 billion. Over the last 24 hours, Bitcoin has seen a modest increase of 0.82%.Read full article at <a href="https://cryptotale.org/is-bitcoin-heading-for-a-correction-key-market-insights-revealed/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Is Bitcoin Heading for a Correction? Key Market Insights Revealed

CryptoTale

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