Future

bullish

Bitcoin

Captain

<p>The cryptocurrency market has recently gone through a correction period, with Bitcoin leading this decline. According to a recent report, realized losses have exceeded the weekly average, signaling a possible end to this correction. With Bitcoin currently climbing back to $98,600, can we already turn the page on this bearish period?</p>
<h2 id="h-bitcoin-correction-really-the-end">Bitcoin Correction: Really the End?</h2>
<p>Bitcoin has undergone a significant correction that saw its price drop by over 15% from its all-time high. However, this was not a surprise to analysts, as after reaching <a href="https://www.cointribune.com/en/107600-dollars-for-bitcoin-the-secret-behind-this-meteoric-rise/" target="_blank" rel="noopener noreferrer nofollow">all-time highs of $107,600</a>, such a drop is often seen as a healthy and necessary step for the market.</p>
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<p>The price of Bitcoin falling below $93,000 on December 20 marked what Captain Faibik referred to as an almost completed correction. <a href="https://x.com/cryptofaibik/status/1869977289146150946?s=46&amp;t=zj7ICl0Lw9vdTKh741lFIQ" target="_blank" rel="noopener noreferrer nofollow">He explains</a> that this decline was due to a massive bearish divergence between the price of BTC and the relative strength index (RSI), often followed by a drop of 8 to 10%, considered a “healthy readjustment”.</p>
<p>Despite realized losses of <a href="https://www.cointribune.com/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> reaching $28.9 million over the past five days, which is 320% above their weekly average in 2024, this correction nevertheless represented a buying opportunity. It was seen as a chance to buy Bitcoin at a reduced price before a potential market recovery.</p>
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<h2 id="h-btc-recovery-and-future-prospects">BTC Recovery and Future Prospects</h2>
<p>Historically, each BTC correction has been followed by a significant growth period. Therefore, Bitcoin <a href="https://fr.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noopener noreferrer nofollow">currently trading at $98,600</a> could well indicate the end of this correction. However, analysts remain cautious as future movements will depend on market stability and investor reactions. Volatility remains a key factor to watch.</p>
<p>In summary, although the Bitcoin correction seemed alarming in the short term, it also offered opportunities for savvy investors. Bitcoin has resumed its bullish run, and analysts remain optimistic about the long-term prospects of BTC, <a href="https://www.cointribune.com/en/vaneck-forecasts-a-dramatic-2025-for-bitcoin-and-crypto-markets/" target="_blank" rel="noopener noreferrer nofollow">predicting new highs in 2025</a>.</p>

Bitcoin Rebounds After A 15% Drop! Is This Already The End Of The Correction?

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