Posted 1/21/2024, 8:06:46 AM
Bitcoin Primed for Deep Correction Before Resuming Bull Run Toward 2024 Halving
- Bitcoin expected to retrace deep enough to convince traders the bull market is over before resuming uptrend
- Correction may gather momentum if BTC closes week below $41,325
- Analyst suggests BTC could fall to $35,000 before 2024 halving event
- Two catalysts - BTC ETF approval and 2024 halving - could push price higher long-term
- Analyst remains optimistic about Bitcoin's long-term outlook despite expected correction