Bitcoin price will see ‘short-term correction’ before $140K: Analysts
Bitcoin analysts say BTC price could drop in the short term before initiating a rally to all-time highs above $140,000.
Bitcoin analysts say BTC price could drop in the short term before initiating a rally to all-time highs above $140,000.
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A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target.
Market uncertainty grows as traders question leverage risks, custodian practices, and strategic reserve delays.
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Elon Musk’s feud with President Trump caused Dogecoin’s 7% drop in the last 24 hours, but sell-off risks to $0.06 remain.
The cryptocurrency market is down on June 6 due to the intensifying Trump-Musk feud, significant long liquidations, and a weak technical structure.
Institutional inflows and rising Ethereum transaction fees contrast with sluggish network activity and caution on the Ether futures market.