Bitcoin Hits $100K , But 30% Correction Is Expected in Next 4-8 Weeks
The Bitcoin market is in a highly bullish phase, with many believing it will soon cross the $100,000 milestone. Investors are optimistic as Bitcoin has surged 45.65% since November 5, while the altcoin market has seen an equally impressive 46.57% gain.
The market seems unstoppable—or is a correction about to happen? Bitcoin rushed towards $100,000, up 0.99% from yesterday, and remains strong, occupying 59.23% dominance. However, the slight drop in trading volume suggests traders are both bullish and cautious.
From the perspective of market conditions, Len Neuner predictions After hitting the $100,000 mark, Bitcoin may undergo a correction that could drop to between $75,000 and $80,000.
He believes that such a pullback could occur within the next four to eight weeks due to the volatility typical of a Bitcoin bull run. This price drop may reflect past cycles where corrections followed significant increases in Bitcoin prices.
Is this your chance to buy the dip before Bitcoin hits new highs? Let’s find out.
Ready to be immersed in water
Neuner is preparing for a potential Bitcoin correction by strategically adjusting his portfolio. He plans to hold 30% in cash, which will give him the flexibility to buy during expected market declines. Beyond that, he is reducing leveraged positions and trading risks, choosing to focus on retaining his core Bitcoin holdings. This approach is designed to minimize risk while allowing him to take advantage of opportunities during pullbacks.
He expects Bitcoin to face a 25-30% correction after reaching the $100,000 milestone, which is consistent with the pattern of previous market cycles such as 2016-17 and 2020-21. Historically, Bitcoin’s large corrections are a natural part of its growth trajectory, often followed by strong recoveries.
Furthermore, Neuner highlighted that when Bitcoin cools off after a sharp rise, altcoins often rise as investors often shift profits into small-cap tokens. With Bitcoin surging above $100,000, he expects a similar trend to occur this time, providing a unique opportunity to invest in altcoins at a discount. Despite the expected short-term volatility, Neuner remains optimistic about the long-term potential of the cryptocurrency market, driven by regulatory changes and investor sentiment, making this pullback a strategic buying opportunity.
Is it a good time to invest in altcoins?
Overall, Neuner is optimistic about the future of cryptocurrencies, although he expects short-term corrections. He believes that the market will see strong growth over the next four years due to regulatory changes and a shift in U.S. policies that are favorable to cryptocurrencies. Neuner sees this correction as an opportunity to buy altcoins at lower prices, and despite the short-term ups and downs, he remains confident in the long-term potential of the cryptocurrency market.
