Bitcoin rebounds after a 15% fall! Is this already the end of the correction?

The cryptocurrency market has recently gone through a correction period, with Bitcoin leading this decline. According to a recent report, realized losses exceeded the weekly average, signaling a possible end to this correction. With bitcoin currently back up to $98,600, can we already turn the page on this bearish period?

Bitcoin correction: Really the end?

Bitcoin has undergone a strong correction which has seen its price fall by more than 15% since its all-time high. But, this was not a surprise to analysts, because after hitting all-time highs at $107,600, such a decline is often seen as a healthy and necessary step for the market.

The price of bitcoin falling below $93,000 on December 20 therefore marked a correction that was almost complete according to Captain Faibik. He explains that this drop was due to a massive bearish divergence between the BTC price and the Relative Strength Index (RSI), often followed by an 8-10% fall, considered a “healthy readjustment”.

Although BTC's realized losses over the last 5 days reached $28.9 million, or 320% above their weekly average in 2024, this correction still represented a buying opportunity. It was seen as a chance to buy bitcoin at a discounted price ahead of a potential market rally.

BTC Recovery and Future Outlook

Historically, every BTC correction has been followed by a period of significant growth. As a result, bitcoin currently trading at $98,600 could well indicate the end of this correction. However, analysts remain cautious as future movements will depend on market stability and investor reactions. Volatility remains a key factor to watch.

In short, although the bitcoin correction seemed worrying in the short term, it also presented opportunities for savvy investors. Bitcoin has resumed its bull run and analysts remain optimistic about BTC's long-term prospects, predicting new highs in 2025.