Bitcoin Is Facing A Correction But Remains Bullish – Metrics Confirm Further Upside

Quick Summary:

Bitcoin has seen a 9% retracement from its all-time high of $99,800, but its long-term bullish structure remains intact.

This correction, though notable, hasn’t dampened investor optimism, as many are prepared to buy the dip and drive BTC past the elusive $100,000 mark.

Adler’s analysis highlights that on-chain activity and demand from long-term holders continue to support the case for further price appreciation.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: HungaryGermany

Topics: Bitcoin Bull Phase Bitcoin demand BTCUSDT Bitcoin correction Bitcoin ATH Bitcoin Bitcoin News Bitcoin news Bitcoin Bullish Breakout Bitcoin technical analysis Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 01:30:01 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 47 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23911113

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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