Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » Is a Bitcoin Correction Looming or a Bullish Surge on the Horizon
    Bitcoin

    Is a Bitcoin Correction Looming or a Bullish Surge on the Horizon

    By adminOct. 20, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Is a Bitcoin Correction Looming or a Bullish Surge on the Horizon
    Is a Bitcoin Correction Looming or a Bullish Surge on the Horizon
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin’s recent rally has captured the attention of both bullish and cautious analysts, sparking a range of predictions about its next move.
    Crypto analyst Justin Bennett, for instance, highlighted some key technical patterns that could influence
    Bitcoin’s
    trajectory, suggesting a possible retrace to around $63,000.
    He pointed to a potential rising wedge and bearish divergence, warning that leveraged traders might be at risk.
    He also mentioned that the rally was mainly fueled by the perpetual market, which may not provide the foundation for a lasting breakout, especially with open interest nearing previous highs.
    READ MORE:


    Crypto Expert Predicts Bitcoin Could Soar Above $100,000 – Here is Why
    CrediBULL Crypto echoed these concerns, pointing out that open interest has surpassed levels seen before Bitcoin’s earlier drop from $70,000 to $49,000, hinting at a potential correction down to $50,000 before pushing past $73,000.
    Open interest has officially surpassed the level it was at before the last drop from 70k to 49k.
    $BTC
    pic.twitter.com/BklNneNf3O
    — CrediBULL Crypto (@CredibleCrypto)
    October 18, 2024
    Still, some experts maintain a more optimistic outlook. Matt Hougan expects Bitcoin to reach a new all-time high before the U.S. election, while CryptoCon predicts a major bull run that could drive Bitcoin up to $120,000 next year. Jamie Coutts of Real Vision also sees Bitcoin hitting $110,000 by mid-2025 as global liquidity rises.
    Some people are waiting for 40k or a recession to strike, but I am waiting for the
    #Bitcoin
    bull run, which is coming soon.
    The bull run means new ATHs and a year of great price action for all crypto.
    The Price Oscillator confirms we have completed all of the local highs of the…
    pic.twitter.com/eL9DOkvdfE
    — CryptoCon (@CryptoCon_)
    October 18, 2024

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDogecoins Soaring Value May Encounter Correction Due to Growing Hype Surrounding Meme Coins
    Next Article PumpFun Introduces CuttingEdge Trading Platform and Teases Imminent Token Release

    Related Posts

    Bitcoin Market Shows Signs of Cooling in Week 32 as Liquidity Diminishes and Sellers Lose Momentum

    Aug. 6, 2025

    Robert Kiyosaki Anticipates Bitcoin “August Curse” to Cause a Drop Below $90,000

    Aug. 5, 2025

    James Howells Refuses to Abandon $915M Lost Bitcoin, Alters Approach to Tokenized Ownership

    Aug. 5, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.