Bitcoin Prepares for 30% Correction Before $100K Rally, Predict Analysts

Bitcoin is making waves once again as analysts predict a 20–30% correction before it reaches the $100,000 milestone. The current price of Bitcoin is down over 7% from its all-time high of nearly $99,800, which was achieved on November 22.

According to Ryan Lee, the chief analyst at Bitget Research, Bitcoin may need to correct as much as 30% before it can push past the $100,000 mark. While historical trends suggest a potential dip, some experts believe that this correction is just a temporary hurdle in Bitcoin’s bullish trajectory.

Anndy Lian, an author and intergovernmental blockchain expert, is confident that Bitcoin will surpass $100,000 in the near future. He sees this milestone as a testament to the growing trust in decentralized finance and the evolving landscape of financial sovereignty.

One factor contributing to Bitcoin’s recent price slump is sluggish investments in United States-based spot Bitcoin exchange-traded funds (ETFs). However, analysts at Bitfinex believe that a resurgence in ETF buying coupled with MicroStrategy’s latest $2.6 billion note sale will drive Bitcoin to new all-time highs by 2025.

In conclusion, while a correction of up to 30% is possible in the short term, experts remain optimistic about Bitcoin’s long-term prospects as it inches closer to $100,000. Stay tuned for more updates on Bitcoin’s price movements and market trends.