๐จ Could Bitcoin correct to $74,500?
According to CryptoQuant, Bitcoin has historically pulled back by an average of around 14.4% from its highs during previous bull cycles.
Bitcoin is currently down about 7.6% from its recent peak near $87,000. If the correction reaches the historical average, the price could fall to around $74,500.
๐ The $80,000 level is particularly important for now. If it breaks, the $74,000โ$75,000 range could be the next area to watch for a potential bounce.
$BTC
According to CryptoQuant, Bitcoin has historically pulled back by an average of around 14.4% from its highs during previous bull cycles.
Bitcoin is currently down about 7.6% from its recent peak near $87,000. If the correction reaches the historical average, the price could fall to around $74,500.
๐ The $80,000 level is particularly important for now. If it breaks, the $74,000โ$75,000 range could be the next area to watch for a potential bounce.
$BTC