Bitcoin (BTC) experienced a significant drop of over 21% in the last week, causing uncertainty among traders and investors. However, a well-known trading expert believes this is part of an anticipated market correction that is coming to an end. The expert is monitoring the 50-week exponential moving average (1W50EMA) as an indicator for Bitcoin's target, which is currently at $76,200. Despite Bitcoin currently trading at $81,590, below the expert's target, this has generated optimism for bullish investors. However, Bitcoin has still accumulated losses of 20.05% in the past month, indicating potential challenges ahead.



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