Bitcoin‘s recent upward momentum appears to be losing steam as the digital asset has shifted toward bearish territory, sparking speculations about upcoming price corrections. However, considering several factors and trends, these much-anticipated price pullbacks for BTC might be short-lived.

Bitcoin Likely To Recover Swiftly From Any Correction

Delving into Bitcoin’s price dynamics and developments, Santiment, a market intelligence and on-chain data platform, has asserted that any price correction in the current Bitcoin market cycle is probably going to be short-lived.

This prediction reflects Bitcoin’s resilience despite recent declines, driven by robust interest among institutional investors, which could help prevent extended downturns, providing a solid foundation that may cause a swift recovery. It could also fuel optimism among these investors as they may see the impending price corrections as opportunities to sharpen up their portfolios ahead of BTC’s next upsurge.

The platform’s prognosis comes in light of Bitcoin opening the week with a mild retrace below the $95,000 level, which has triggered uncertainty within the community, particularly among small investors. However, large investors such as whales and sharks are still maintaining a positive sentiment as they continue to accumulate BTC in huge quantities.

Data from Santiment shows that whale and shark Go to Source to See Full Article
Author: Godspower Owie