The article discusses the possibility of a new correction in the price of Bitcoin, following two previous corrections that occurred after the price reached above $99,000 and $100,000. Despite the insignificant movements in price, there are no signs of a possible restart of the bull run in the short term. Profit-taking is identified as a key factor, as sellers may want to take advantage of the current high prices. The article mentions that a potential correction could bring the price to around $92,000 or $94,000. Volatility is expected after the 20th of the month, and there is a dynamic of selling in December to delay tax payments. The psychological threshold of $100,000 is mentioned as a potential trigger for profit-taking. The low number of BTC on exchanges suggests that holders are continuing to hold, while speculators may have already taken profit. The article also notes the end of the mini-altseason and suggests that it might take a few more days before another one can start.
- Content Editor ( en.cryptonomist.ch )
- 2024-12-09
Hypothesis of correction on the price of Bitcoin