Bitcoin’s price is hovering around $90,000, but analysts at CryptoQuant warn of a potential short-term correction down to the $70,000 range due to market cooling. While the cryptocurrency has surged nearly 13% recently, a pullback could occur before reaching the $100,000 target. Potential scenarios include consolidation between $87,000 and $93,000 or a drop to $71,000-$77,000 before continuing upward. A widening gap between moving averages indicates intense buying pressure, suggesting a possible correction. However, whale accumulation signals strong market confidence, suggesting that any dip may be temporary. Analysts advise independent research before making investment decisions.
Bitcoin Faces Potential $70K Correction Before Targeting $100K as Whale Activity Remains Strong
