Bitget App
Trade smarter
ALI: BTC may climb further toward $50,000 before experiencing a 40% correction
Bitget2023/12/31 07:46
Cryptocurrency analyst ALI on Twitter: In 2016 and 2019, after finding a market bottom, Bitcoin's first major correction occurred upon reaching the 0.786 Fibonacci retracement level.
Drawing from this pattern, if history repeats itself, BTC may climb further toward $50,000 before experiencing a 40% correction.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$96,042.53
+0.22%
Ethereum
ETH
$3,216.02
+2.35%
Tether USDt
USDT
$0.9993
+0.00%
XRP
XRP
$2.26
+0.51%
BNB
BNB
$943.01
+1.20%
Solana
SOL
$142.15
+1.02%
USDC
USDC
$0.9998
+0.01%
TRON
TRX
$0.2972
+1.76%
Dogecoin
DOGE
$0.1637
+1.70%
Cardano
ADA
$0.5036
+0.47%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now