MAC_D
3 reasons BTC price has seen a correction but is likely to rise
First, Onchain cycle indicators recovery phase First of all, looking at various on-chain cycle metric (MVRV, NUPL, Fuel Mutiple, SOPR Ratio), we can see that the current interval is a recession → recovery phase. Therefore, in the long run, BTC prices can be seen to be more upward than downward, and there is no need to be afraid of falling prices. Second, BTC intrinsic value is growing There has been a recent adjustment trend, but this seems to be a short-term phenomenon due to network overheating. Security, the intrinsic value of BTC, is forming a peak when looking at hashrates and difficulty metric. fundamentally, BTC is growing. Third, 1M to 3M Realized Price - UTXO Age Bands major price support Line Currently, the price of Bitcoin is located at $26.8K, which is the same price as 1M to 3M Realized Price - UTXO Age Bands. It can be seen that the average unit price of these short-term holders served as a major support line for price correction in the past recovery phase. Therefore, we can expect price support again this time. Even if it breaks the $26.8K support level, the security, which is the intrinsic value of BTC, is increasing and can be seen as a temporary correction, so it should be used as an opportunity to buy BTC