Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Market analysts are predicting a cryptocurrency correction.
ALTCOIN NEWS

Market analysts are predicting a cryptocurrency correction.

By Crypto FlexsDecember 5, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Market analysts are predicting a cryptocurrency correction.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin’s face-melting rally could be coming to an end as analysts weigh a potential market correction. However, most agree that momentum and sentiment are positive and the trend is upward.

On December 5, Glassnode analyst “Checkmate” said of a potential market decline, “I would be surprised if Bitcoin does not consolidate (or) correct in the near term.”

Is a cryptocurrency fix imminent?

The analyst added that a break of a few months “may allow investors’ cost bases to re-adjust to above actual market average prices.”

He also said the market had not returned more than 20% so far this year, which he said “signifies continued strong spot demand.”

Previous bull markets have seen declines exceeding 60%, but this has not happened yet in this bull market.

Bull market downtrend. source: X

It is important to note that this is a bull market correction and not a bear market bottom. This is often a drop of more than 80% from previous highs.

JRNY Crypto reminded his 767K X followers of the big selloff/correction before the last bull market.

“Things are moving fast in the cryptocurrency market right now, but keep in mind that there was a similar situation in 2019, followed by the worst crash I have ever seen, right before the last Bitcoin halving.”

Read more: 9 Best AI Cryptocurrency Trading Bots to Maximize Your Profits

However, the major crash mentioned was due to a black swan event caused by the global market crash and the Covid lockdown in March 2020.

“I wouldn’t be surprised if we see at least one more market correction before a true bull market begins,” he added.

This time around, there are a lot of geopolitical tensions and economic uncertainties to deal with, so the bulls may not be ready to take the plunge just yet.

Trader Justin Bennett concluded that the last two bear markets ended with a second capitulation. “Don’t rule out $25,000 of liquidity,” he added.

Cryptocurrency market correction prediction.  Source: X/@JustinBennettFX
Cryptocurrency market correction prediction. source: X

Retreat’s Market

Bitcoin held steady at $41,600 today, not rising any further. As a result, total capital remained at approximately $1.61 trillion.

However, altcoins are already on the decline and most are in the red during Tuesday’s Asian trading session.

On this day, most high-value altcoins fell between 1 and 3%. Nonetheless, some were hit harder, with Solana down 7.2% and Chainlink down 5.8%.

Moreover, altcoin markets lagged Bitcoin during this rally, reaching resistance only after 18 months of consolidation.

Read more: Top 9 Cryptocurrency-related Telegram Channels in 2023

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

MEXC Enhances Futures Trading With Multi-Asset Margin Mode Across 14 Tokens

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025
Most Popular

Musk could face charges after lawyer says $1 million beneficiary ‘wasn’t chosen by chance’

November 5, 2024

Elon Musk’s xAI: A visionary investment in AI, blockchain and innovation – Cryptocurrency News

December 14, 2024

Streamr Network 1.0 mainnet launched, achieving the decentralized data broadcasting vision of the 2017 roadmap

March 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.