According to a recent CryptoQuant Quicktake post, Bitcoin (BTC) may be close to completing its price correction for the current market cycle. The premier cryptocurrency appears primed for positive movement in 2025, despite lingering macroeconomic uncertainty.
Bitcoin Looks Ready To Reverse Trend
In a Quicktake post, CryptoQuant contributor Crypto Dan highlighted that BTC is currently undergoing a correction phase similar to the one observed in 2024. The analyst noted that the amount of BTC held for less than one week to one month can serve as an indicator of how “overheated” the crypto market is.
For context, in markets with high speculative activity – such as crypto – price pullbacks tend to be significant. In contrast, markets with lower speculation, like gold, typically experience shallower corrections.
Crypto Dan shared the following chart showing three major phases of the crypto market – a market rally (red arrow),…
