After months of enthusiasm about a potential rally to unprecedented highs toward $100,000 or – according to some prominent investors – toward $300,000, building up in the wake of spot exchange-traded funds (ETFs) approval, a new record value near $73,000, and the halving event in April, Bitcoin (BTC) price movement turned relatively stagnant and even threatened a collapse in early May.
By the middle of the month – and particularly after the latest CPI report came out lower than was feared – the world’s premier cryptocurrency again took off, gaining nearly 5% in a week and surging from a low near $60,000 to a press time price of $66,357.
BTC 7-day price chart. Source: Finbold
While many traders are hopeful the rally signals an end to the crypto market’s stagnant phase and a full return to the bull cycle, technical analysis (TA) analysis reveals that it may not be just smooth sailing ahead.
TD Sequential warns of imminent BTC correction
Shortly after the most rec
We współpracy z: https://finbold.com/sell-alert-bitcoin-faces-imminent-correction/
