Posted 1/21/2024, 8:06:46 AM
Bitcoin Braces for Deep Correction Before Resuming Bull Run Toward 2024 Halving
- Bitcoin expected to correct deeply enough to make traders think bull market is over before resuming uptrend
- Correction may kickstart if Bitcoin closes weekly below $41,325 support level
- Analyst predicts Bitcoin could correct to around $35,000 before 2024 halving event
- Two key long-term catalysts seen as bullish - Bitcoin ETF and 2024 halving
- Analyst remains long-term bullish on Bitcoin despite expected significant correction