• Crypto analyst predicts an upcoming correction of Bitcoin (BTC) to $25,000, with a temporary panic in the market.
• Long-term investors can use this opportunity to accumulate more tokens.
• Altcoins are expected to experience a strong uptrend in 2024-2025.
Bitcoin Price Correction
Crypto analyst Inmortal predicts an impending Bitcoin (BTC) price correction to around $25,000, which could create panic in the market before resuming its uptrend to $36,000.
Opportunity for Investors
Any price correction would present a great opportunity for long-term investors looking to accumulate more tokens at lower prices.
Inmortal suggests that altcoins will resume their uptrend during 2024 and 2025. He recommends Chainlink (LINK) and Solana (SOL) as potential investments for now.
SEC Approval Delayed
The upcoming corrective move might be triggered by news of delays in approving spot-based Bitcoin exchange-traded funds (ETFs). The U.S Securities and Exchange Commission is unlikely to approve such an ETF anytime soon.
This bearish move presents both risks and opportunities for traders and investors alike; while it may create fear in the short term, it could set up the base for future bullish trends in the mid-long term.