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Since yesterday, the hypothesis has been circulating insistently that there could be a new correction in the price of Bitcoin.  On the other hand, there has already been one, and there do not seem to be any signs of a possible restart of the bullrun in the short term.  The previous corrections on the price of Bitcoin With Donald Trump’s victory in the presidential elections on November 5th, a new bull run of Bitcoin has begun.  With this bull run, essentially for a month, the price of Bitcoin has risen.  However, it was not a continuous rise, so much so that there have already been two corrections.  The first occurred between November 23 and 26, after the price of BTC rose above $99,000 for the first time. That correction caused the price to drop by 9% from the highs, in about four days, and was followed by an almost immediate rebound. In fact, already on November 29, the price of Bitcoin had returned to just below $99,000. The second correction, however, occurred last Thursday, just right after the price of BTC surpassed $100,000. In that case, the price fell by 11% in a single day, but immediately bounced back the same day above $97,000. In fact, the extremely short duration of this last correction makes it practically insignificant.  The possible new correction of the Bitcoin price Today the price of Bitcoin for a brief moment returned above $100,000, a figure surpassed also on Friday, Saturday, and Sunday.  Subsequently, it returned below $99,000.  These movements are really insignificant, so much so that it can be stated that, in fact, from last Thursday to today the price of BTC is moving sideways around $100,000, after rising above this figure for the first time.  The point, however, is that there do not seem…

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Filed under: News - @ December 9, 2024 6:27 pm