Rally

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Bitcoin

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Epic

<ul>
 <li>Another brutal correction hits the crypto market and BTC price falls steadily.</li>
 <li>The bleeding price of BTC is seeping into other altcoins giving rise to bearish sentiment.</li>
 <li>Seasoned analysts advise holding and watching the market closely for bullish surge.</li>
</ul>
<p>Another brutal correction phase once again turns the tides for Bitcoin and the greater crypto market. Forecasts about altcoins price surges and a BTC recovery seem to be delayed in line with this latest brutal correction phase.&nbsp;</p>
<p>Amidst the chaos, several crypto analysts rise to give hope to the global crypto community. Corrections are often followed by a frenzy of panic selling which adds a further delay to the recovery phase.</p>
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   <p lang="en" dir="ltr">I know the markets are choppy right now.<br><br>I know there's bearish sentiment all around crypto.…</p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1804855702348870110?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 23, 2024</a>
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<p>In particular, popular crypto trader and investor, <a href="https://x.com/TheCryptoLark" target="_blank" rel="noopener noreferrer nofollow">Lark Davis</a> addresses the crypto community. As we can see from the post above Davis acknowledges how the crypto market is choppy and bearish sentiment is rising once again.</p>
<p>Despite this, Davis advises crypto investors and traders to either double down on solid, capable, and high conviction projects. He says this is a great time to pump bags at ridiculously discounted prizes or to simply hold and wait out the rough digital weather.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> – What's Next?<br><br>The big Sunday report, all you need to know:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a9.png" alt="🚩" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA/LCA/Psychological Analysis:<br><br>In last week's Sunday report, we discussed the continued sideways movement within our established range. Since then, not much has changed. However, on both smaller and daily… <a href="https://t.co/2P5tTMQ4Gc" rel="noopener noreferrer nofollow">pic.twitter.com/2P5tTMQ4Gc</a></p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1805024109862035471?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 23, 2024</a>
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<p>Meanwhile, the reputed silver-tongued crypto analyst, <a href="https://x.com/DrProfitCrypto?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a>, known for his accurate predictions drops his latest crypto market report. He says that Bitcoin will continue a sideways movement and notices a falling wedge pattern.&nbsp;</p>
<p>This checks out at the wedge pattern continues to emerge as the correction dip adds to the formation. Despite this Doctor Profit believes Bitcoin will target a surge between $70,000 and $72,000 in a few weeks time.</p>
<p>In addition he adds how he foresees <a href="https://cryptonewsland.com/unimaginable-gains-await-crypto-traders-during-q3-q4-of-2024-according-to-silver-tongued-crypto-analyst/" target="_blank" rel="noopener noreferrer nofollow">unimaginable gains and growth for Bitcoin and altcoins</a> in Q3 and Q4 of 2024. Still, he adds how it is important to keep an eye on bearish trends as BTC has lost several support lines like the MA100 daily, MA20 daily, MA50 daily, and the EMA100 daily.&nbsp;</p>
<p>He says he’s watching the MA50 daily level for a breakout and hopefully a <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-predicts-bitcoin-surge-beyond-100k-after-halving/" target="_blank" rel="noopener noreferrer nofollow">breakout from the falling wedge</a> on the daily chart as well. If this breakout plays out then a surge to $72,000 is highly plausible in his eyes.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoins-rally-to-53k-bears-face-a-slaughter/" rel="noopener noreferrer nofollow">Bitcoin’s Rally to 53k: Bears Face a Slaughter</a></li>
 <li><a href="https://cryptonewsland.com/metrics-2022-was-not-really-brutal-of-a-bear-market/" rel="noopener noreferrer nofollow">Metrics: 2022 Was Not Really Brutal of a Bear Market</a></li>
 <li><a href="https://cryptonewsland.com/current-bear-market-most-brutal-so-far-epic-breakthrough-ahead/" rel="noopener noreferrer nofollow">Current Bear Market Most Brutal So Far, Epic Breakthrough Ahead?</a></li>
 <li><a href="https://cryptonewsland.com/popular-crypto-analyst-highlights-3-reasons-behind-bitcoins-brutal-dip/" rel="noopener noreferrer nofollow">Popular Crypto Analyst Highlights 3 Reasons Behind Bitcoin’s Brutal Dip</a></li>
 <li><a href="https://cryptonewsland.com/cramer-advises-on-staying-away-from-assets-like-bitcoin/" rel="noopener noreferrer nofollow">Cramer Advises on Staying Away From Assets Like Bitcoin</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/another-correction-slaughters-bitcoin-and-crypto-market/" rel="noopener noreferrer nofollow">Another Correction Slaughters Bitcoin and Crypto Market, Analyst Advises Holding Strong $72,000 BTC Loading &nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Another Correction Slaughters Bitcoin and Crypto Market, Analyst Advises Holding Strong $72,000 BTC Loading

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