As per long term Technical analysis, though currently BTC is passing through correction phase but Bullish trend is still in tact. We are in the middle of Bull Run and it will complete when BTC hits $250,000.
Asa usually hota ni hay k jo majority of the people sooch rahay hoon wohi ho. Sab logon ka target 250,000 - 300,000$ jo k possible ni hoga. Ya tu bitcoin ka price bohat neechay rah jeiy ga like 64,000$ ya pir bohat uper nikal jiey ga like 500,000$. Lets see kia hota hay bull run mein.
G Bhai, Bull cycle mein correction bi aati ha or correction Market k liye Healthy hoti ha ku k correction k bad new buying aati ha.Market last six months se Musalsil oper hee ja rehi thi. Correction toh aana hee thi or BTC mein 40-50% correction normal hoti ha jub ap BTC ki History dekhty han. INSHALLAH aany waly dino mein Behtri aai gi.
Do you think this is a correction only ?
Jab bhi bull market katim hoti hay, you will find people giving hope that this is a correction, it will come up but it never comes up. I entire 2017, bitcoin maximum correction was 40% but we have witness 53% correction recently.
To tell you truth, i am not sure now if we are in bull market or bear market. I think most like we are heading towards a bear market.