Will $BTC Price Correct or Reverse Here?

Since the September 27 swing high of $66,498, Bitcoin price has shed 9.50% and trades today at $60.3K. Thursday’s Asian trading session saw an uptick, but in the London session, BTC is down 2.05%,

Bitcoin price is down 0.65% today

The crypto market was “looking heavy” and he “wouldn’t rule out a final shakeout.”

I expects another 10% to 20% correction for Bitcoin. Considering the current level of $60.2K, this drop would push BTC down to the $48K to $54K range. The analyst ended his analysis by saying that he was “not selling my positions, but hedging. Just in case.”

I believes that there could be a bounce

I wouldn’t mind “bidding” BTC between $60.2K and $58K and expect a run up to $61K to $63K. However, he did warn that a new high time frame low could be on the way unless Bitcoin reclaims the $65K level decisively.

RektProof posted his Bitcoin game plan to X and expects a bounce between the $59.2K to $57.2K region. The resulting rally, according to RektProof, should propel BTC price to $70,000 or higher

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