Bitcoin (BTC) at End of Correction, Top Analyst Suggests

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Top market analyst says Bitcoin (BTC) is at end of its correction

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Like other analysts and market voices, van de Poppe is optimistic about a major rebound for the leading cryptocurrency. While he did not issue a price target, there was a reversal projection in the short term.It's already down 20% from the highs and we'll have some more downside to happen from here. While the market has been more brutal to Bitcoin, altcoin sell-off is visible across the board. Ethereum fell as much as 8.95% to $2,886 as controversy within the by the United States Securities and Exchange Commission . If successful, the chances of securing approval for spot Ethereum ETF are low, a reality that is further dampening sentiment for the coin.Overall, Solana , Binance Coin and XRP also nosedived by more than 7% each.

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