🔥💥Will the decline in Bitcoin continue? "A healthy correction," says analyst
Analyst Peter Brandt, regarding the recent declines in Bitcoin, said, "This is a healthy correction. Bitcoin is in a big bullish trend." he commented.
While #Bitcoin retreated to the level of $ 62,400 today, investors are also wondering whether the declines will continue.
According to veteran analyst Peter Brandt, Bitcoin is experiencing a healthy correction. Brandt stated that Bitcoin could retreat up to 58 thousand dollars in the short term, but in the long term it is in a big bullish trend.
Brandt had previously written that he thought Bitcoin could go up to 200 thousand dollars. September August / September 2025, the analyst also gave time for this and noted that this level could be seen in August / September 2025.
The decline in Bitcoin is thought to be influenced by the upcoming interest rate decisions of central banks, especially the Fed. It is observed that investors choose to avoid risk against short-term macro uncertainty. This brings selling pressure on risky assets such as Bitcoin and stocks. On the other hand, outflows in Bitcoin ETFs have also increased selling pressure. There was an outflow of $642 million from Grayscale's ETF yesterday. This amount marked the largest daily outflow ever for the Grayscale ETF.
