Bitcoin Eyes $75,000: Short-Term Market Correction Expected - Flax News Special

Bitcoin Eyes $75,000: Short-Term Market Correction Expected - Flax News Special Introduction Bitcoin ( bitcoin price , bitcoin usd ) has been on an impressive rally, recently touching major resistance levels after the approval of spot Bitcoin ETFs. However, despite the growing optimism, market analysts warn that a short-term correction is likely before Bitcoin blasts past the psychological barrier of $75,000 . Why a Market Correction is Likely Historically, Bitcoin ( bitcoin price history , bitcoin volatility ) has never moved in a straight line during bull runs. Corrections of 10%-20% are common and healthy for sustaining long-term growth. Some factors suggesting a near-term pullback: Bitcoin’s Fear and Greed Index ( fear and greed index bitcoin ) recently hit "extreme greed" levels, a traditional sign of overheated markets. Traders are heavily leveraged, increasing the chances of liquidations and sudden price dips. Major support levels around $60,000 ( bitcoin...