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<ul class="news-points"> 
 <li><strong>According to Will Clemente, there will be an imminent correction in the price of Bitcoin.</strong></li> 
 <li><strong>Clemente explained that Bitcoin price corrections create room for stronger foundations for eventual moves higher.</strong></li> 
 <li><strong>Bitcoin had a 62.6% drawdown during the last bull run between 2019 and 2022.</strong></li> 
</ul> 
<p>According to Will Clemente, co-founder of Reflexivity Research, there will be an imminent correction in the <a href="https://coinedition.com/bitcoin-btc-price-prediction/">price of Bitcoin</a>. Clemente explained that the correction would be sharp and allow the market to shake off “greedy”, leveraged hands.</p> 
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   <p lang="en" dir="ltr">This price action recently has been awesome, but friendly reminder that there will be sharp corrections along the way as the market shakes off greedy leveraged longs. <br><br>Can’t go wrong holding spot in cold storage. <a href="https://t.co/JvWOE25bNi" target="_blank" rel="nofollow">pic.twitter.com/JvWOE25bNi</a></p>— Will (@WClementeIII) <a href="https://twitter.com/WClementeIII/status/1732170515647746130?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 5, 2023</a>
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<p>Using information from Glassnode, a blockchain data and intelligence platform, Clemente showed how price corrections have been a consistent trend in Bitcoin’s life cycle. He revealed that between the 2015 to 2018 cycle, Bitcoin made a 36% correction in the middle of the bull run. Similarly, the flagship crypto had a 62.6% drawdown during the last bull run betwee…</p>
<p>The post <a href="https://coinedition.com/bitcoins-new-rise-faces-its-first-test-correction-or-consolidation/">Bitcoin’s New Rise Faces its First Test: Correction or Consolidation?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin’s New Rise Faces its First Test: Correction or Consolidation?

Coin Edition

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