Bitcoin Bottom or Deeper Correction? The Data Points Both Ways

Bitcoin (BTC) price has slid 8.55% over the past week, trading at $73,752, per BeInCrypto Markets. An AI stock sell-off and rising rate-hike bets hit risk assets, and crypto has yet to recover. The slide has also set off a run of bearish signals across the market. Whether they mark a bottom or the first leg of a deeper Bitcoin correction is still an open question. Follow us on X to get the latest news as it happens Why Some Data Points to a Bitcoin Bottom CryptoQuant traced the slide to profit-taking, a hawkish Federal Reserve (Fed), the Binance hack, and the midterms. Hotter-than-expected October inflation data on November 10 then deepened the drop. Still, some of this data has marked bottoms before.

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