Bitcoin Faces Short-Term Correction Risks as Analysts Warn of Further Drawdown

Bitcoin, currently below $43,000, may experience short-term price correction, warns Bitfinex analyst.

Bitcoin Price Dips Below $43,000: Analysts Predict Further Drawdown

Bitcoin's recent retracement prompts concerns of additional decline, attributing risks to sell pressure from short-term holders during the illiquid holiday season.

Analyst Alert: Short-Term Holders and Retail Leverage Driving Bitcoin's Price Correction

Bitfinex's Jag Kooner cautions that if short-term holders and retail leverage dominate, the market may face more drawdown in the relatively illiquid holiday season.

Bitcoin's Risky Zone: Analyst Warns of Potential Correction Above $44,000

According to Bitfinex's Kooner, the $44,000 mark poses a risk for bitcoin's correction, especially for medium-term holders looking to realize profits.

Profit-Driven Retreat: Short-Term Holder Actions Cause Bitcoin's Recent Slump

Bitfinex analyst reveals overheated profits from short-term holders as a significant factor behind the recent bitcoin retracement.

Longest Streak of Bitcoin Profitability Raises Concerns of Market Correction

Despite 67 consecutive days of bitcoin net realized profits, Bitfinex analysts highlight historical patterns, suggesting a potential market correction in the current bull market.

Cryptocurrency Market Forecast: Pullbacks Expected Before a $3.2 Trillion High by 2024

Bitfinex's report predicts market pullbacks before reaching a high of $3.2 trillion by the end of 2024, drawing parallels to historical price behavior.

Bitcoin's Valuation Similar to Past Trends: Analysts Predict Pullback After $44,000-$45,000 Zone

Bitfinex analysts compare the current bitcoin valuation to periods around June 2019 and July 2016, expecting a pullback after reaching the $44,000-$45,000 zone.

Bitcoin Trades Flat in Last 24 Hours, Hovering Around $42,898

The world's largest cryptocurrency maintains stability, trading at $42,898, reflecting a flat trend over the past 24 hours, according to The Block's Price Page.

While bitcoin's profitability streak continues, caution is advised, as historical patterns indicate the likelihood of market corrections in the ongoing bull market.