Despite the minor pullback, Bitcoin's current high position doesn't necessarily mean an impending market adjustment. Bitcoin recently hit a two - week high, surpassing the $110,000 mark. While short - term profit - taking might be behind this small dip, strong fundamentals could still drive it upward.
If an adjustment occurs, predicting its magnitude and duration is challenging. Historically, significant corrections in the cryptocurrency market have ranged from 20% to over 50%, lasting from a few weeks to several months. However, with increased institutional adoption and a more stable market structure, the upcoming adjustment, if any, might be less severe. 0 reply
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