Bitcoin may face imminent price correction: Bitcoin’s (BTC) current trend shows it might be overvalued against gold, with analysts predicting a potential 35% decline. The Bitcoin-to-Gold ratio has entered a critical resistance zone, historically linked to market downturns.
Historical patterns indicate possible downturn: Past instances demonstrate that Bitcoin usually faces sharp declines when hitting similar resistance levels. If the correction occurs, BTC prices may drop between 65,000 USD and 69,000 USD by March 2025.