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Bitcoin has entered a technical correction after hitting an all-time high of $123,400, now trading near $114,000. Analysts attribute the dip to macroeconomic pressures and liquidation events but remain bullish on a Q4 rebound. On-chain data and institutional interest suggest potential for a year-end rally.
- Bitcoin's current correction is viewed as technical, with analysts predicting a rebound in Q4, historically a strong period for BTC.
- Large stablecoin reserves on exchanges suggest potential market inflows, which could fuel Bitcoin and altcoin rallies.
- Institutional interest, ETF inflows, and regulatory developments (MiCA, Fed policy) are seen as major catalysts for Bitcoin's upward trajectory.
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