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**Bitcoin (BTC) correction still healthy**
Despite a 2.22% drop in the last 24 hours and a 2.38% decline today, top analysts believe that the current correction in Bitcoin’s price is still healthy and within expectations.
As U.Today previously reported, each Bitcoin bullish cycle typically involves seven to eight painful corrections. This means that investors should not be alarmed by the recent downturn, but rather view it as an opportunity to accumulate more BTC at a discounted price.
The article mentions that given the current peak price of $109,000, the hypothetical bottom of such a correction might be around $60,000. While this is still speculation, it highlights the unpredictable nature of cryptocurrency markets and the importance of diversifying one’s portfolio.
In conclusion, while any decline in value can be unsettling for investors, it’s essential to maintain a long-term perspective and not make impulsive decisions based on short-term market fluctuations.
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Source: https://u.today/bitcoin-btc-price-to-72000-top-trader-on-dead-cat-bounce
