#Bitcoin corrections in 2024 ๐
There is not much time left for BTC to undergo a significant correction before the halving. Let me remind you that halving significantly reduces the liquidity for sale from miners โ๏ธ
In recent days, we have had positive inflows from BTC - ETF, which also puts pressure on the price in a positive direction. It should also be remembered that, in general, an increase in the global liquidity of central banks is forecast this year ๐ฆ
๐กIn conclusion, this year will definitely be positive for BTC. Predicting a correction is quite a difficult task since many more positives should move the price higher than negatives.
๐Basically, I think most technical corrections will be no more than 20-30% from the local peak and BMS retest.
In recent days, we have had positive inflows from BTC - ETF, which also puts pressure on the price in a positive direction. It should also be remembered that, in general, an increase in the global liquidity of central banks is forecast this year ๐ฆ
๐กIn conclusion, this year will definitely be positive for BTC. Predicting a correction is quite a difficult task since many more positives should move the price higher than negatives.
๐Basically, I think most technical corrections will be no more than 20-30% from the local peak and BMS retest.
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