Bitcoin and the rest of the altcoin is in position of pennants. Based on the chart pennant graph it is hard to describe for the pattern to be bulllish or bearish. Some analytical said it was a bearish season because we are in the year phase of bullish.
But do you know there is know as market correction which is refers to a significant and temporary decline in the prices of various cryptocurrencies after a period of sustained growth. During a market correction, the market experiences a sharp reversal from an uptrend, leading to a decrease in asset prices. This correction can be caused by various factors, including speculative trading, market sentiment shifts, regulatory news, macroeconomic events, or simply a natural cooling off after a period of excessive optimism and price appreciation.
