Learning from history, Bitcoin may soon face a significant correction
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Bitcoin may face a significant correction. Glassnode analysts point out that although there is still room for its upward momentum, historical data shows that similar rising phases average a duration of 22 days before a correction occurs. Bitcoin recently reached a record high of $93,265.24, with a cumulative increase of over 110% this year. The current circulating supply has maintained high profits for about 12 days, and analysts expect the price to have upper and lower limits of $94,900 and $51,600, respectively, with selling pressure likely to occur near the upper limit
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