Bitcoin got the correction “we needed,” and now it “can continue the macro uptrend higher,” says one crypto trader.
Bitcoin’s (BTC) 14% surge over the past week has convinced traders that it could be the “‘real deal’ market pump” — with another correction not expected until it reaches $90,000.
“I believe this is the “real deal” market pump as fundamentals and technicals are providing confluence,” pseudonymous crypto trader “Roman” told Cointelegraph.
They explained Bitcoin’s price decline from its all-time high of around $73,738 to a 21% drop to $58,000 on May 2, was a “much-needed correction for higher prices in the future.”
