{"id":24479,"date":"2025-06-03T16:02:16","date_gmt":"2025-06-03T13:02:16","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptoquant-identifies-bitcoin-correction-target\/"},"modified":"2025-06-03T16:02:16","modified_gmt":"2025-06-03T13:02:16","slug":"cryptoquant-identifies-bitcoin-correction-target","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptoquant-identifies-bitcoin-correction-target\/","title":{"rendered":"CryptoQuant Identifies Bitcoin Correction Target"},"content":{"rendered":"<p>The price of the leading cryptocurrency is set to return to $96,700, which corresponds to the average purchase price of short-term investors. CryptoQuant believes this level can be seen as a potential rebound point.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity<\/p>\n<p>\u201cCurrently targeting the $96,700 level, which represents a key support zone on the network and aligns with the average purchase price of short-term investors.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/abramchart?ref_src=twsrc%5Etfw\">@abramchart<\/a> <a href=\"https:\/\/t.co\/9ydqKL6j9r\">pic.twitter.com\/9ydqKL6j9r<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1929811790654791830?ref_src=twsrc%5Etfw\">June 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The bearish scenario from analysts stems from the fear and greed index. The indicator has not reached a state of extreme optimism, indicating the absence of typical <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%91%D0%BE%D1%8F%D0%B7%D0%BD%D1%8C_%D0%BF%D1%80%D0%BE%D0%BF%D1%83%D1%81%D1%82%D0%B8%D1%82%D1%8C_%D0%B8%D0%BD%D1%82%D0%B5%D1%80%D0%B5%D1%81%D0%BD%D0%BE%D0%B5\">FOMO<\/a> buying during the rally to the <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1595.webp\" alt=\"1-1595\" class=\"wp-image-259874\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"http:\/\/alternative.me\">Alternative.me<\/a><\/figcaption><\/figure>\n<p>According to experts, altcoins, including Ethereum, are likely to be negatively affected by any correction in the leading cryptocurrency, which would &#8220;drain&#8221; liquidity from other digital assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe recommend waiting and observing market movements with the possibility of opening new positions after the expected pullback is completed,\u201d the experts concluded.<\/p>\n<\/blockquote>\n<p>Bitcoin Magazine also lacks optimism regarding the short-term prospects of Bitcoin.<\/p>\n<p>Analysts noted a return of quotes below the resistance formed by the peaks of December 2024 \u2013 January 2025 near $106,000. Bulls need to push the price back above this level, they added.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1126.webp\" alt=\"2-1126\" class=\"wp-image-259875\"\/><figcaption class=\"wp-element-caption\">Data: Bitcoin Magazine.<\/figcaption><\/figure>\n<p>Earlier, Rachel Lucas from BTC Markets noted that if the price of the leading cryptocurrency remains in the $103,000-105,000 range, it could set the stage for<a href=\"https:\/\/forklog.com\/en\/news\/analyst-identifies-key-level-for-bitcoins-next-surge\"> a new wave of growth to $115,000<\/a>.<\/p>\n<p>Coinbase<a href=\"https:\/\/forklog.com\/en\/news\/coinbase-predicts-market-impact-of-5-billion-payout-to-ftx-creditors\"> predicted<\/a> a positive impact on the digital asset market dynamics from the $5 billion reimbursement to FTX creditors.<\/p>\n<p>Previously, Bernstein <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-identifies-five-drivers-for-bitcoins-continued-growth\">identified<\/a> institutional buying as one of the five key factors for the continued rise in Bitcoin&#8217;s price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the leading cryptocurrency is set to return to $96,700, which corresponds to the average purchase price of short-term investors. CryptoQuant believes this level can be seen as a potential rebound point. Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity \u201cCurrently targeting the $96,700 level, which represents a key support zone on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1205,1384,1268,1253],"class_list":["post-24479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-cryptoquant","tag-fear-index","tag-on-chain-analysis","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24479"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24478"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}