THEORETICALLY A BEARISH

Last updated: June 16, 2025, 21:49  |  Written by: Changpeng Zhao

Theoretically A Bearish
Theoretically A Bearish

Hace

Bitcoin Is Facing A Correction But Remains Bullish –

The market remains undecided. For any short-term bullish movement, Bitcoin needs to break above $85,300, while a bearish scenario would require a drop below

Hace 3 horas Bitcoin analysis says that the December 2025 highs need to remain as support in the upcoming weekly close after an 8% BTC price drop.

As Was Observed In The

After a severe correction that saw Bitcoin lose nearly 30% of its value, technical signals are increasingly positive. Indeed, since its low point around 50,000 dollars

As was observed in the past few days, Bitcoin’s price recovered by nearly 9% since tagging $29K support on 9 May before erasing gains once again on Wednesday.

With Bitcoin price falling under $93,000 on Dec. 20, Captain Faibik, an independent crypto trader, said that BTC’s correction was approaching a conclusion. In an X

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Changpeng Zhao can be reached at [email protected].

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