CandleFocus Bitcoin facing correction to $85,000 as $100,000 target derails
2024-11-24
Author: Content Editor
Bitcoin (BTC) is facing potential short-term corrections as it struggles to breach the $100,000 resistance. Technical indicators suggest a possible incoming correction, with potential downside targets at $91,583 or as low as $85,610. On the other hand, some analysts are still bullish on Bitcoin, with predictions ranging from targeting $150,000 to $175,000 by 2025. However, on-chain metrics indicate a potential sustained correction below $100,000, as there are signs of spoofing on trading platforms. Overall, the market sentiment remains bullish on Bitcoin, but there is uncertainty about its next move after reaching the $100,000 mark.
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