Bitcoin Reached the Giant Correction Level in 2021 with Its Sharp Fall!

Julio Moreno stated that Bitcoin is at a bottom or a major correction level like the summer of 2021 from a valuation perspective.

According to on-chain data and analysis platform Julio Moreno's Twitter post on July 4, Bitcoin is at a summer-2021 bottom or major correction level from a valuation perspective.

In 2021, when the bull was experienced, the price of Bitcoin fell from $ 64,800 to $ 29,700. This corresponded to a 54% withdrawal.

Moreno stated that Bitcoin's current situation is similar to major corrections experienced in the past. The analyst based this assessment on analysis of the cryptocurrency's current price levels and on-chain data. While Bitcoin's being at these levels causes different comments among investors, future expectations vary in the market.

While many investors think that the price has experienced sufficient correction, analysts even expect levels of 50 thousand dollars.

In another post, Julio Moreno warned investors against the possibility of a harsher correction.

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