Bitcoin flirting with the $ 300 thousand levels despite the correction

 After the largest cryptocurrency climbed to an all-time high, bitcoin prices hit a downward wave of correction.

Analysts believe that it is still too early to talk about a bear market, as hopes that Bitcoin will break new peak levels are still present and strongly, amid expectations of reaching new peak levels that may reach 300 thousand dollars.

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Scenario 135 thousand dollars

“He has been watching the $64,000 area as a critical level for a market breakout and market failure, so there is a corrective move,” Michael Van de Bobby, one of the most popular Bitcoin investors, puts it.

Michael van de Poppe added: "Overall, $56,000-59K is a good location to buy bitcoin."

Meanwhile, the “worst case scenario” for October predicted by Van de Poppe requires a monthly BTC/USD close of $63,000, for BTC to reach a high of $135,000.

Another analyst who sees the outlook still bullish, sees popular Twitter analyst TechDev, that 2021 is still in line with historical bull market trends.

“Bitcoin’s ultimate impulse has always been five degrees steeper than the period leading up to the mid-cycle peak,” the popular Twitter analyst said along with the comparative chart.

TechDev added: "The stability is right so far, if it continues, and it hits the $228,000-$250,000 window (the two most Fibonacci targets historically)...it will happen at the end of January, it will be interesting to watch."