The likelihood of a Bitcoin correction to $70,000 has increased, but one anal The likelihood of a Bitcoin correction to $70,000 has increased, but one anal

Bitcoin $70K flush would reset cycle, not confirm new bear market: Analyst

The likelihood of a Bitcoin correction to $70,000 has increased, but one analyst said the price drop would confirm a macroeconomic reset, rather than the start of a new bear market.

Bitcoin’s (BTC) recent price weakness has revived investors’ concerns of a deeper downturn, but several market analysts argue that an extended correction may be more constructive over the longer term.

Key takeaways:

Analysts say Bitcoin’s downside risk is centered around $65,000 to $75,000.

Read more

Market Opportunity
Notcoin Logo
Notcoin Price(NOT)
$0.000502
$0.000502$0.000502
-3.94%
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.