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ALI: BTC may climb further toward $50,000 before experiencing a 40% correction

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.

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.

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