{"id":143430,"date":"2024-11-27T19:30:19","date_gmt":"2024-11-27T17:30:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143430"},"modified":"2024-11-27T17:10:51","modified_gmt":"2024-11-27T15:10:51","slug":"analyst-predicts-bitcoin-could-face-a-25-correction","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-could-face-a-25-correction\/","title":{"rendered":"Analyst Predicts Bitcoin Could Face a 25% Correction"},"content":{"rendered":"
While market corrections are often seen as routine, analysts suggest this downturn may persist as Bitcoin\u2019s<\/a> <\/strong>recent rally cools off.<\/p>\n Joe Consorti, a popular market analyst, has highlighted Bitcoin\u2019s historical alignment with the Global M2 money supply. He predicts that if this trend holds, Bitcoin\u2019s value could dip further, potentially reaching the $75,000 to $80,000 range.<\/p>\n UPDATE: One day after my last chart, bitcoin is now $5,000 lower, following the path set by global M2 several weeks ago very closely.<\/p>\n So far, this correlation is shockingly accurate.<\/p>\n We\u2019ll have to see if BTC follows it all the way down, or stops short & finds support.<\/p>\n \ud83c\udf7f\ud83c\udf7f\ud83c\udf7f pic.twitter.com\/oEGOuYYRio<\/a><\/p>\n \u2014 Joe Consorti \u26a1\ufe0f (@JoeConsorti) November 26, 2024<\/a><\/p><\/blockquote>\n\n