Bitcoin Hits $100,000, But Expected to Correct 30% in the Next 4-8 Weeks

The Bitcoin market is in a strong uptrend, with many believing it could soon surpass the $100,000 mark. Investors are filled with optimism as Bitcoin has risen by 45.65% since November 5, while the Altcoin market has also seen an equally impressive increase of 46.57%. It seems like the market cannot be stopped—or is there a correction coming soon? Bitcoin is heading towards $100,000, up 0.99% since yesterday and still holding steady with a dominance of 59.23%. However, the slightly decreased trading volume indicates that traders are both optimistic and cautious. Looking at the market scenario, Ran Neuner predicts that after Bitcoin reaches $100,000, the price may undergo a correction, potentially dropping to around $75,000 to $80,000. He believes that this pullback could occur within the next four to eight weeks, due to the typical market volatility of Bitcoin price increases. This price decline may reflect previous cycles, when corrections followed large Bitcoin price increases. Is this a chance for you to buy in when the price drops before BTC reaches a new high? Let's find out together. Preparing for embedding Neuner is preparing for a potential Bitcoin correction by strategically adjusting his investment portfolio. He plans to hold 30% cash, which will provide him with flexibility to buy during the expected market downturn. Additionally, he is reducing leveraged positions and trading risks, choosing to focus on preserving his core Bitcoin holdings. This approach aims to minimize risk while positioning him to capitalize on opportunities during the retreat. He expects Bitcoin to face a 25-30% correction after reaching $100,000, consistent with patterns seen in previous market cycles such as 2016-17 and 2020-21. Traditionally, Bitcoin's sharp corrections are a natural part of its growth trajectory, often followed by a strong recovery. In addition, Neuner emphasizes that altcoins often rise in price when Bitcoin cools off after a sharp rise, as investors tend to shift profits to smaller market cap tokens. With Bitcoin surging above the $100,000 mark, he predicts a similar trend this time, creating a unique opportunity for discounted altcoin investments. Despite 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 retreat a strategic buying opportunity. When is a good time to invest in Altcoin? Overall, Neuner is optimistic about the future of cryptocurrency, although he expects a short-term correction. He believes that in the next four years, the market will witness strong growth due to changes in regulations and beneficial policy changes in the United States. Neuner sees this correction as an opportunity to buy altcoins at lower prices and remains confident in the long-term potential of the cryptocurrency market despite short-term fluctuations.