Analysts Warn of Potential Bitcoin Correction Amid Market Heat

Bitcoin has surpassed key resistance levels, nearing the $100,000 mark, with strong bullish indicators like the EMAs. However, the RSI suggests overbought conditions, potentially leading to a short-term correction. Analysts, including Brandt, predict a possible selloff as investors may lock in profits, but remain optimistic about Bitcoin's long-term upward trajectory, with potential peaks between $173,000 and $461,000 by 2025. Despite short-term uncertainties, the overall market sentiment is bullish, driven by strong trading volumes and institutional interest.