Will Bitcoin finally see the major correction in January 2023?

Welcome back,

In today's blog we will talk about bitcoin and future possibilities related to its price. For those who do not know, bitcoin has not shown a correction for more than three months now.

The above chart is of bitcoin that shows how bitcoin has continued the uptrend for last four months approximately. We have not seen the price of bitcoin coming down since that time as you can clearly see in the chart.

So, will bitcoin finally show the major correction in January? The truth is that Bitcoin is at a great resistance right now and as usual there are two possibilities. If you have gone through my previous blogs, you must be aware about ETFs and their impact.

The date is 5-10th of January and I think until then the market has reasons to stay bullish. People are expecting ETFs to get approved next month and that is why the market is pumping and trading in a particular price resistance.

Source

I personally think that we will hear a negative news that will lead to price correction for bitcoin. We may see levels close to 35000 dollars as well but don't read this as a guarantee and do your own research and predict accordingly.

The halving is close, I can't believe that we will see two major corrections. I am really confused and that is why the best you can do is to be ready with usdt to buy your favorite coins whenever possible.

Thank You