Bitcoin must hit $104K to repeat past bull market dips: Research
Bitcoin is busy copying previous bull market consolidation phases, but seller exhaustion may only kick in if BTC price drops another $8,000 from current levels.
Key points:
Bitcoin is in the middle of a textbook correction phase after all-time highs, Glassnode finds.
For correction to flip to seller exhaustion, BTC price must drop to almost $104,000.