Bitcoin Poised to Correct by 25% Despite BTC Rebound to $8,000

Bitcoin Needs to Correct?

In the past 24 hours, Bitcoin (BTC) has rebounded, rising from $7,700 to $7,980 as of the time of writing this. With this, many are sure that bulls have returned and a here to stay, especially considering the bears failed to continue to depress digital assets after last weekend’s drop.

However, many are coming to the conclusion that a further draw down to key trend levels is only a matter of time. In a recent tweet, analyst Teddy, who was drawing...

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