Current Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Correction Remains Within
Historical Limits – The Impact
Of An11.7% Market Drawdown
Current Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Correction Remains Within Historical Limits – The Impact Of An
11.7% Market Drawdown
by Sebastian Villafuerte
4 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is showing remarkable resilience as it holds strong above the $92,000
demand level, reflecting a bullish structure in the face of recent volatility.
Yesterday, the leading cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта surged to $99,400, signaling renewed
momentum and increasing optimism among investors. This surge reaffirms
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s ability to bounce back from local lows, maintaining its upward
trajectory.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Dominance Breakdown Confirmed – The Next Altseason Is
Right Around The Corner
Top analyst Axel Adler shared valuable insights on X, highlighting that the
current macro correction remains well within the acceptable range of
historical price drawdowns. According to Adler, the local maximum drawdown
sits at 11.7%, a figure that aligns with previous healthy corrections during
bullish cycles. This suggests that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price action continues to follow
a predictable pattern, further strengthening the case for its sustained
growth.
As BTC hovers near the critical $100,000 psychological level, market
participants are closely monitoring its next moves. A decisive breakout above
this threshold could mark the beginning of a new phase of price discovery
while maintaining support at $92,000 underscores strong demand and confidence
in the asset.
With macroeconomic conditions and on-chain metrics aligning favorably, BTC
appears poised for further gains, keeping investors and analysts attentive to
its evolving price dynamics.
Price Remains Strong
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has shown remarkable resilience despite experiencing a recent 15%
correction from its all-time high (ATH) of $108,364 to a local low of $92,100.
While the correction sparked some uncertainty in the market, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s
price remains strong and continues to hold crucial support levels. Analysts
and investors are now closely monitoring the market for signs of where BTC
could go next.
CryptoQuant analyst Axel Adler recently shared key insights , revealing that
the current macro correction is well within the typical range of price
drawdowns observed in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s previous cycles. According to Adler, the
local maximum drawdown stands at 11.7%, which aligns with healthy correction
patterns typically seen during bull markets. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Drawdown Analysis |
Source: Axel Adler on X
In contrast, the most significant drawdown during this cycle occurred in
August of this year, when Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price dropped by 26.4%. This
comparison suggests that the current correction is relatively mild and doesn’t
signal any significant market weakness.
Related Reading: BTC Average Trading Volume On CEX Stands At $31B – Still Far
From The Record Highs In March
Given the historical context and the fact that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s recent correction
remains within an acceptable range, everything appears to be on track for
continued bullish momentum. Analysts are optimistic that BTC will soon regain
its upward trajectory as demand remains strong.
Investors are waiting for a decisive breakout, particularly above key
resistance levels, to confirm the next phase of growth. As the market
stabilizes, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is well-positioned for further gains in the long term.
Technical Levels: Strong Demand Holding
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s demand remains strong as it continues to hold above the $92K
mark, a critical level that has supported the price during recent volatility.
The recent price action shows BTC is now pushing above $98,000, a key level
that must be reclaimed for the bullish momentum to continue. BTC testing
supply below $100K | Source: BTCUSDT chart on TradingView
If the bulls manage to push above and hold this level, a rapid surge above
$100K could follow, setting Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin on a path toward price discovery. The
market sentiment would likely turn even more positive, fueling a potential
rally.
However, the scenario could shift quickly if BTC fails to maintain its
strength above $95,500. A drop below this level would suggest weakening demand
and could lead to a retest of lower support levels. This could potentially
send BTC into a consolidation phase or trigger further price declines,
depending on the market s response.
Related Reading: Record-Breaking $1.24 Billion USDC Inflow Hits Spot Exchanges
– What This Means For BTC
Traders and investors are closely watching the $95,500 mark as a critical
support level to gauge the short-term direction. If Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin stays above this
level, the bullish outlook remains intact, but losing it would signal that the
market is losing steam.
Featured image from Dall-E, chart from TradingView
