Bitcoin's Two-Way Scenario: $84,000 High, Then Correction

Jiang Zhuoer, a well-known Chinese cryptocurrency miner and founder of BTC.TOP, has shared his assessment of Bitcoin's current market situation.

In a recent post on account X, Jiang stated that despite the ongoing uptrend, a significant correction in the market may be imminent. According to him, Bitcoin could reach the $83,000-$84,000 range before pulling back.

Zhuoer noted that Bitcoin is still within an upward channel, but emphasized that a correction is possible following the current rise. If the pre-correction peak is indeed at the $82,300 level, the pullback will likely be prolonged and followed by frustrating sideways trading with wide price fluctuations.