#BTC Update: Correction?
#Bitcoin continues to trade sideways around $65k after the halving, as expected. This price movement suggests weakness from the bulls, highlighting the need for a correction before further growth.
Big players may target long positions opened near $67-70k to lock in profits, fueling this potential fall. Additionally, significant liquidations sit around $70-72k, creating another attractive entry point for bears to squeeze the market lower.
The minimum target? $53k. There's even a possibility we see a decline without reaching $67k.
One thing's for certain: Bitcoin is headed downwards, and this correction might be here to stay.
