Here’s Why the Bitcoin Price May Not See a Big Correction At All9.4

Bitcoin (BTC) has been on something of a tear as of late. You know that, of course, but the strength of this move shouldn’t be understated. In the past six weeks, the crypto asset has moved from $4,200 to $8,300 — a growth of nearly 100% — while altcoins have also seen lofty gains.

Yet, throughout this entire swing to the upside, there have been analysts incessantly calling for a correction, looking to charts to accentuate that Bitcoin rallying here is uncalled for. The technicals would agree. On-chain data shows, however, that BTC is still looking strong, and could continue even higher, barring a bad news event or another bearish catalyst of a similar caliber.

Original source
https://www.newsbtc.com/2019/05/16/heres-why-the-bitcoin-price-may-not-see-a-big-correction-at-all/

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