Why the Bitcoin Correction Everyone is Waiting for May Take Some Time

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Bitcoin has navigated higher following a brief period of immense weakness yesterday, with the cryptocurrency now pushing above the $23,000 region once again Where the entire market trends in the mid-term should depend largely on where ETH and BTC trend next, as they both have been holding firm guidance over altcoins Many investors and analysts have voiced the opinion that Bitcoin will see a strong and swift correction down towards the $19,000 region at some point in the near-term One analyst agrees that this will occur, explaining that he thinks it will happen after Bitcoin posts another leg higher This could mean that the next upwards movement will prove to be a bull trap and result in further downside Bitcoin and the entire crypto market has been caught in the throes of an intense bout of consolidation over the past few days, with bulls and bears both battling for control…

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