Bitcoin is just seeing a ‘normal correction,’ cycle peak is yet to come: Analysts
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Several crypto executives have told Cointelegraph that Bitcoin is moving as expected given macro conditions, with the market just waiting for a new narrative.
Bitcoin’s correction from its January peak is a typical cycle pullback and is not out of the ordinary, with a price top still on the horizon, crypto analysts and executives tell Cointelegraph.
“I don’t think the bull run is over; I think the peak of the cycle has been pushed back due to macro conditions, and global liquidity isn’t pretty, which isn’t helping crypto,” Collective Shift CEO Ben Simpson told Cointelegraph.
“It is only the third or fourth correction we’ve had over 25% we’ve had in Bitcoin this cycle compared to 12 last cycle,” Simpson said.
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