$BTC in Bullish “Hump Slump” Pattern but Needs a Deeper Correction: Brandt
Writer by: Okoya David 💯
Amid broad market uncertainty over the past two weeks, there have been lingering questions over $BTC price trajectory
Following the Federal Reserve’s projections of fewer than previously expected interest rate cuts in 2025, the asset has dropped from highs above the $106,000 price point to lows around the $92,000 price point, raising questions among some about the continuation of its bull run.
Recently, one prominent market analyst has suggested that despite the growing uncertainty, of $BTC Bitcoin could be replicating a pattern that it often has in parabolic runs while noting that a deeper correction may be required before a rally to new highs.