Corrections are a part of any bullish market and the majority of Bitcoin investors are presently expecting BTC to recover from its current position. While the short-term action seems healthy at the moment, the daily chart had a mild bearish confirmation. This means there is a possibility of further drawdowns in the market.
Keeping the article with a specific point of understanding correction levels, it is important to note the recoveries may take place anytime. The present data set isn’t
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