Bitcoin Price Prediction: BTC/USD Is Likely to Face Deeper Correction if Bulls Fail to Resume Upside Momentum above $18,000 High

Bitcoin (BTC) Price Prediction – November 29, 2020 On November 26, the BTC/USD price plunged to $16,400 and it corrected above $17,000. BTC price will have a deeper correction as the case in 2017 if the bulls fail to resume upside momentum.

For example, BTC price had dropped by more than 30% in the bull market of 2017 when BTC rallied to $20,000. He said: “Bitcoin’s bull and bear cycles are functions of generic human psychology, attention spans, and its deterministic and diminishing issuance”.

Timeline of Bitcoin