Bitcoin (BTC), the world’s largest crypto, has caught attention today due to the massive price crash. The Bitcoin price slumped below $66,000 after days of sustaining above $69,000. This has sparked concerns regarding a further price slump. However, a crypto analyst believes that a 30% correction in the BTC price could be extremely bullish.
Is A 30% Correction In Bitcoin Price Really Bullish?
Ali Martinez, one of the renowned crypto analysts on X, made a bold statement regarding the Bitcoin price correction. In a post on X, he wrote, “A 30% price correction is the most bullish thing that could happen to #Bitcoin.”
When netizens questioned the analyst about such a comment on the BTC price trajectory, Martinez noted that liquidity will play a major role. The crypto analyst noted that a Bitcoin price correction of 30% will help “market makers grab liquidity.” This would eventually propel BTC’s value to a new all-time high.
Moreover, in another post on X, Martinez spotlighted a
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