Analysts predict that Bitcoin may experience a correction of 20–30% before surpassing the $100,000 price mark. Currently, Bitcoin is down over 7% from its recent all-time high of approximately $99,800, achieved on November 22. While many experts believe that reaching $100,000 is inevitable, some anticipate a larger corrective movement. Ryan Lee from Bitget Research highlights that historical trends suggest such corrections are common as Bitcoin approaches major psychological price levels. This could potentially drop the price below $70,000. Despite this expected correction, the overall sentiment remains bullish. Anndy Lian, a blockchain expert, emphasizes that hitting $100,000 signifies increasing trust in decentralized finance. Meanwhile, recent sluggish performances in Bitcoin exchange-traded funds (ETFs) have contributed to the price dip, with significant cumulative outflows noted. Despite these developments, analysts maintain confidence that renewed ETF buying will support Bitcoin’s rally towards new all-time highs in 2025.

Source 🔗