#ReboundRally

Bitcoin has undergone a significant correction, with its price falling more than 15% from its all-time high of $$ 107.600. This drop, which took BTC below $$ 93.000 on December 20, came as no surprise to analysts and is often interpreted as a healthy move for the market.

According to Captain Faibik, the correction is nearing completion. He attributes the decline to a large bearish divergence between BTC’s price and the relative strength index (RSI), a common pattern that historically results in 8% to 10% drops that are considered “healthy retracements.”

While BTC’s realized losses totaled $$ 28.9 million over the past five days, representing a 320% increase from the 2024 weekly average, the correction also presented an opportunity. Many saw this move as a chance to acquire Bitcoin at lower prices before a possible recovery in the market.