After the party, a breather Bitcoin pulls back from its 8-month high.
After touching $87,329 on Monday (its highest level since January), Bitcoin has been retreating; today it’s around $84,500. This is a normal correction after such a strong move driven by a short squeeze.
A context point: Tuesday closed at $86,198, just -0.46% versus Monday. The correction was quiet at first, then picked up a bit more today.
There doesn’t appear to be any major negative news behind this drop—it seems more like a natural part of the process after hundreds of millions of dollars in short positions were liquidated last week. Oil, meanwhile, continues to fall (fifth straight session lower), which keeps the risk environment relatively calm.
Do you see this as a healthy pause before continuing higher, or the start of a longer correction? 👇
#Bitcoin #BTC #Corrección #CreatorPad
After touching $87,329 on Monday (its highest level since January), Bitcoin has been retreating; today it’s around $84,500. This is a normal correction after such a strong move driven by a short squeeze.
A context point: Tuesday closed at $86,198, just -0.46% versus Monday. The correction was quiet at first, then picked up a bit more today.
There doesn’t appear to be any major negative news behind this drop—it seems more like a natural part of the process after hundreds of millions of dollars in short positions were liquidated last week. Oil, meanwhile, continues to fall (fifth straight session lower), which keeps the risk environment relatively calm.
Do you see this as a healthy pause before continuing higher, or the start of a longer correction? 👇
#Bitcoin #BTC #Corrección #CreatorPad
