Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

zkSync’s Matter Labs faces backlash over “ZK” trademark efforts

May 31, 2024

Coinbase adds a password project WorldCoin (WLD) to the listing roadmap.

April 30, 2025

August 2024 Newsletter on All Things BitPay and Crypto

August 30, 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.