📉 Bitcoin’s Dip: Major Correction or Temporary Pause?

🚨 "Bitcoin takes a breather after touching historic highs, but where is it headed next?"

Bitcoin’s long-anticipated correction has begun, dropping to a six-day low of $92,775, a 7% fall from its recent ATH of $99,845 on Nov. 22. However, it quickly rebounded, trading near $95,000 as of Nov. 26. Despite this dip, Bitcoin remains up nearly 40% this month, signaling resilience.

Key Highlights:

Institutional Buying: MicroStrategy purchased 55,500 BTC worth $5.4 billion on Nov. 25, showing continued institutional confidence.

Profit-Taking by Long-Term Holders: On-chain data reveals a record $60 billion worth of Bitcoin distributed in the past 30 days—typical during market peaks.

Historical Insights: Analysts like Rekt Capital note Bitcoin often faces major corrections (20%-34%) after prolonged price discovery phases of 6-7 weeks.

What’s Next?

Market trends suggest high $80k range as the next potential support level. Despite short-term volatility, analysts remain optimistic about Bitcoin crossing the $100k milestone, aligning with its historical patterns of correction and recovery.

🛡️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks; conduct thorough research or consult a financial advisor before investing.

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