Price correction could bring benefits: Rekt capital asserts that a price correction may not just be a necessity but could also extend the current bull market. The adjustment will redefine Bitcoin’s target price.

Moving average crossover: Analysis indicates that the 111-day moving average is at risk of crossing above the 350-day moving average, a bearish signal that may indicate a market peak.

Current Bitcoin price: Currently, Bitcoin is priced at 96,329 USD, reflecting a 2.41% increase in the last 24 hours. Rekt capital’s insights aim to clarify potential future price movements.