Bitcoin

<ul><li>Crypto Rover highlights Bitcoin&#39;s significant correction to $68.4k, marking a retreat from its previous range high.</li><li>Despite the downturn, Bitcoin&#39;s upward trend persists, with higher lows indicating a potential breakout.</li><li>Institutional interest remains strong, with Bitcoin ETFs seeing $131M inflows, holding over 5% of the total supply.</li></ul>Renowned crypto analyst Crypto Rover recently shared his insights on Bitcoin&#39;s latest significant price correction. In a recent <a href="https://t.co/CiVKQBNeD5" rel="noopener noreferrer nofollow">YouTube video</a>, the analyst <a href="https://x.com/rovercrc/status/1799328071926837493" rel="noopener noreferrer nofollow">highlighted</a> that Bitcoin has faced an enormous downward correction, with its price finding a temporary bottom around $68.4k. This correction marks a substantial retreat from the previous consolidation phase near the range high, where Bitcoin saw a sharp rejection.Despite this setback, Rover emphasizes that Bitcoin&#39;s upward trend remains intact. Analyzing the 12-hour timeframe, he points out a series of <a href="https://cryptotale.org/analyst-says-ethereum-holds-200ma-ema-needs-0-0605-break-for-bitcoin-strength/" rel="noopener noreferrer nofollow">higher lows</a>, indicating a continued upward slope. This pattern suggests that Bitcoin is still on a positive trajectory, and a major breakout could be imminent.Rover highlights several critical market indicators. The inverse head and shoulders pattern, a bullish signal, is still relevant. The key resistance level to watch is between $71.6k and $72k. Historically, this range has been a formidable resistance zone, and breaking above it could confirm the start of the next bull market.<a href="https://cryptotale.org/analyst-predicts-bullish-breakout-after-bitcoins-major-price-correction/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analyst Predicts Bullish Breakout After Bitcoin's Major Price Correction

CryptoTale

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