Despite broader market interest, Bitcoin continues to hover near the $84,000 mark, showing limited upward momentum. At the time of writing, the asset is trading at $84,596, down 0.1% in the last 24 hours. This places BTC approximately 22% below its all-time high of over $109,000 set earlier this year.
The price action follows a recovery from earlier lows but remains range-bound, suggesting hesitancy among investors as macroeconomic uncertainties persist. One of the emerging observations comes from CryptoQuant analyst Crypto Dan, who compared Bitcoin’s current behavior to past correction cycles.
Speculation Eases, Setting the Stage for Potential Recovery
In Dan’s recent QuickTake post titled “Cryptocurrency Market, Similar to the 2024 Correction Period,” Dan assessed the speculative dynamics of the
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