BTCUSDT (Day Chart) Technical Analysis
Bitcoin (BTCUSDT) is currently undergoing a correction, but don't worry, this could be a healthy pullback before a major rally!
Here's what we're seeing:
* History Repeating Itself: The current price action of BTCUSDT is eerily similar to what we saw between December 2023 and February 2024. Back then, Bitcoin experienced a 20% correction before launching a massive 90% rally.
* Current Situation: We're already seeing a 15% drop from the recent peak. A maximum of 20% correction is expected before the bullish trend resumes.
What Does This Mean?
Once this correction phase ends, we could see a powerful bullish move. The target price range for this rally is estimated to be between $140,000 and $150,000.
Stay Tuned!
This is a developing situation, so keep an eye on the price action. This correction could be the calm before the storm!
Remember: This is just a technical analysis, and the market can be unpredictable. Always do your own research and trade responsibly!
