In 4H chart ,I think we can get a correction to $59-60k and then continue to rally 📈
On-chain data from Santiment indicates a slight drop in Bitcoin’s MVRV ratio, suggesting bearish market sentiment. Despite bearish trends, the fear and greed index at 38% suggests potential for an upcoming price rally.
Bitcoin recently surpassed the $66,000 mark, generating significant attention within the cryptocurrency community. However, this upward trend was short-lived as the price dipped below this threshold again. Current data indicates that Bitcoin may be on the cusp of a major price correction.
In the last 24 hours, Bitcoin has undergone a price correction, falling under $66,000. As of this report, Bitcoin is trading at $65,504.34. ETHNews had previously indicated the likelihood of Bitcoin experiencing a price correction.
