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<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-to-drop-25-before-new-ath-good-time-to-invest-in-bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price to Drop 25% Before New ATH, Good Time to Invest in Bitcoin?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As Bitcoin continues its meteoric rise above $63.9K, seasoned investors brace for the inevitable correction that historically accompanies its upward trajectory. CryptoJelleNL, a respected voice in the crypto community, predicts a 20-25% dip in Bitcoin’s price, offering a lucrative ‘buy-the-dip’ opportunity for investors. Amidst the ultra-bullish wave, some analysts are predicting a short-term correction before a big upward move.&nbsp;</p>
<p>But they also see this as a good time to buy BTC here’s why?&nbsp;</p>
<h2 class="wp-block-heading" id="h-historical-connect-corrections-are-essential"><strong>Historical Connect: Corrections are Essential</strong></h2>
<p>Looking at Bitcoin’s past cycles always include substantial double-digit corrections before reaching their peak. Despite the challenges, these downturns historically offer lucrative ‘buy-the-dip’ chances for investors. CryptoJelleNL <a href="https://x.com/CryptoJelleNL/status/1763574018093859035?s=20" rel="noopener noreferrer nofollow">predicts </a>a 20-25% correction for Bitcoin, signaling a potential drop to $46,500. He said that this shows that the crypto market has become more mature, as these adjustments have become less severe over time. While the 2016-2017 cycle witnessed seven major pullbacks averaging 32%, the current cycle has seen only four, with an average decline of 21%.&nbsp;</p>
<h2 class="wp-block-heading" id="h-insights-from-experts"><strong>Insights from Experts</strong></h2>
<p>Experts like Galaxy Digital Holdings CEO Michael Novogratz and CryptoJelleNL warn of a possible dip due to high leverage from younger investors. Despite these warnings, Bitcoin’s momentum remains strong, with a recent 2% surge in price action it reflects a resilient uptrend. Bitcoin’s price is still rising, hovering above $62,000, and many people are worried that it might go down. This shows how volatile Bitcoin markets are. Novogratz <a href="https://www.youtube.com/watch?v=jsIeoufvkvQ" rel="noopener noreferrer nofollow">suggested </a>that Bitcoin might pull back before hitting new highs, potentially retracing to around $55,000. His reasoning revolves around retail traders becoming overly leveraged before the anticipated climb.</p>
<p>He backs this with real-world examples, like a smart whale investing $1.39 billion in Bitcoin in July 2022 at $21,629 per BTC, <a href="https://x.com/lookonchain/status/1763452443365675020?s=20" rel="noopener noreferrer nofollow">highlighting </a>the strategic value of timely market entry and patience amidst volatility as BTC surges past $62,000.</p>
<p>On the flip side, according to JPMorgan, we might see Bitcoin’s price taking a deep dive towards the $42,000 mark after halving.</p>
<h2 class="wp-block-heading" id="h-embracing-market-dynamics"><strong>Embracing Market Dynamics</strong></h2>
<p>As Bitcoin braces for a potential correction, investors are reminded of the cyclical nature of crypto markets. While corrections may pose short-term challenges, they also present valuable opportunities for strategic investors to enhance their positions in the leading crypto asset. In navigating these market dynamics, patience and a long-term perspective remain key to capitalizing on Bitcoin’s potential.</p>

Bitcoin (BTC) Price to Drop 25% Before New ATH, Good Time to Invest in Bitcoin?

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