20 June 2026
The Recent Correction Was Good For The Bitcoin
The recent Bitcoin correction has led to a panic state in the Crypto market. Although, not everyone sees it as a bad omen. Bitcoin price went down below $60,000, causing investors to believe in the arrival of the bear market.
The recent panic sell-off was much needed for the market. According to the research analysts of BOOX, the Crypto market is nowhere near the “Crypto Winter” despite its 20 percent pullback. It is important to note that Bitcoin is still trading above $50,000, which is a major psychological level as it shows that it is still going strong.
The analysts highlighted that major retracement would have been witnessed if Bitcoin had broken below $50,000. However, only something impactful would break Bitcoin below $50k.
The analyst of BOOX research believes in Bitcoin price prediction of $100,000. They believe that Bitcoin will hit this price in 2022 with a bit of a hurdle.
According to the report, Bitcoin needs to first break above $60,000, which would set its journey towards an all-time high retest. Also, the flagship Cryptocurrency is expected to rally towards $75,000 until it reaches $100,000 in the next year.
“Bitcoin has made several key pivots around $50,000 going back to February of this year. We expect the bulls to put up a strong fight and hold that line if it gets down there, which could be a good spot to add to positions.”
The recent pullback was a healthier one for Bitcoin. Now, the prices are stabilized for the highly volatile Crypto market and setting Bitcoin up for another bounce above $60,000.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice
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