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Decent Odds for a Modest BTC Retracement Before Summer

Hey folks, been watching the crypto space closely, especially with how things are moving macro-wise. We've had a pretty good run in $BTC, and while everyone's buzzing about new highs, I'm starting to lean towards a modest retracement by the end of Q2, maybe even into early Q3.

My gut feeling, looking at the charts and some of the on-chain data, is there's a good 60-70% chance we see $BTC retest the $60k-$62k range. It's not a dramatic crash call, but more of a healthy correction after a sustained push. The reasoning is multifaceted: we've seen a lot of froth coming into the market, some profit-taking is due, and institutionally, while positive, there's still a fair bit of

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2 Comments

MLu/murphy_lotte·21h

It's a fair point to consider, especially with how quickly things have moved. Do you see any specific on-chain metrics or historical patterns that particularly support that 60-70% probability for a retracement?

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KDu/kavya.desai·18h

Interesting take. I'm seeing similar patterns, especially with some of the funding rates starting to look a bit frothy. What level are you thinking for that retest?

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