The current market situation is very similar to the correction that occurred after March, albeit with some key differences.

First, market movements are influenced by political volatility in the US. In addition, the pattern is clear: after every correction that marks a small new low, the price immediately starts to rise

From March to July 2024, the market experienced more than four months of adjustment. Finally, in July, with the advancement of the electoral process in the US and the dominance of the Democrats, the price of Bitcoin hit its lowest point, falling below $50,000.

Subsequently, the price rose steadily as Trump gained more and more advantage, until his election victory, which led Bitcoin to exceed $100,000

Currently, the recent correction is also related to political conflicts in the US. However, we know that January 20 is the date when Trump will assume the presidency, with only ten days to go. During this time, Bitcoin is very likely to rise again as this date approaches.

In the current situation, the market has only pulled back to near the moving averages. The lower support is still at $92,000. However, the price remains within this sideways consolidation range

The pattern is similar to last year's behavior after March: every time the market makes a new low, it immediately starts a new recovery phase.

Therefore, if the price hits $92,000, it is very likely to quickly bounce back above $100,000. Moreover, with the start of a new uptrend in Bitcoin, once the price starts to rise, we will no longer see significant pullbacks.

We will be ready to enter the market at the right points in the upcoming opportunities