INSUBCONTINENT EXCLUSIVE:
Key points:Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue.Both the latest surge and the bull
market itself are on borrowed time, traders say.Comparisons to previous price cycles remain in use despite the booming institutional
a third in Q2 already, BTC/USD remains unconvincing for many.Long-term analysis suggests that not only is price action due to return lower
we posted this BTC roadmap (lower picture)
I overlayed the actual chart with the same TF
year, with the subsequent bear market taking BTC/USD back to 2021 highs of $69,000.Others referenced historical BTC price action to argue
for a more imminent correction.Trader Crypto Chase noted that the price is now considerably higher than some typical bull market exponential
Source: Cointelegraph/TradingViewThe post acknowledged the presence of increased institutional buying power this cycle, something which
expecting a significant comedown this month.Related: $107K fakeout or new all-time highs? 5 things to know in Bitcoin this weekSupport
strength index (RSI) bearish divergences.BTC/USD 1-week chart with RSI data
Source: Roman/XThis article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
