Bitcoin’s 22% Correction Seen as ‘Shakeout,’ Not End of Bull Cycle

Bitcoin’s 22% Correction Seen as ‘Shakeout,’ Not End of Bull Cycle

Analysts are characterizing the recent 22%+ drop in the price of bitcoin as a brief market "shakeout" rather than the conclusion of its traditional four-year cycle. Analysts contend that Bitcoin's long-term positive trajectory is unaffected by the broad fears of investors. According to data from Cointelegraph Markets Pro, the cryptocurrency is now trading at $82,680, down from its peak of almost $109,000 on January 20. Although the attitud...

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