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Bitcoin now has more chances of increasing in price further than it has to decrease in price, I'm looking for the BTC's next major correction to the downside when the price gets to $50k or $69k which is psychologically a major zone of resistance that brought us way down here. I could guess that a lot of investors who bought at $50k- $69k and were thinking that Bitcoin was headed to $100k while they got trapped, may tend to take a breath seeing the market come to them once again and other factors that could cause brief sell-off.
The price corrected close to $2000 in the last 24 hours. Saturation has likely played a role in why today the price of bitcoin corrected instead of trying to break through its resistance. I'm not panicking, but this high volatility is unpleasant when I don't have the budget to accumulate.
Expectations of touching $69k are still very high in the future regardless of the timing. Bitcoin will experience a halving in the next few months and historically this will trigger a lot of price increases and can even print a new ATH. The increasing demand for bitcoin in the market will cause a rise although some people will sell it along the way to enjoy the returns.