Bitcoin Price To Face Potential Correction If It Hits This Level

Bitcoin price faces potential correction or a pullback in the next few days, as macroeconomic factors and weak technical charts raising uncertainty. After a robust surge that nearly saw Bitcoin breach the $72,000 mark, the flagship crypto has encountered a slight pullback in its gains, with traders taking a cautious approach ahead FOMC Minutes release today. currently, BTC price is under consolidation and sentiment to determine the direction in the upcoming days.

Meanwhile, this fluctuation comes amid a broader market rally, fueled by optimism surrounding the potential approval of the U.S. Spot Ethereum ETF by the SEC. However, amid the drop in BTC price, a prominent analyst has provided a bullish outlook for Bitcoin while warning of a potential risk for investors.

Analysts Expect Bitcoin Price To Cross $77K

In a recent X post, renowned crypto market analyst Ali Martinez stirred discussions with his latest price predictions for Bitcoin. Notably, Martinez’s analysis, based on the “MVRV Pricing Bands”, suggests that Bitcoin could soar to $77,593 if it maintains its current trading momentum above $65,125. 

Meanwhile, in another X post, Martinez highlighted a key supply zone between $70,180 and $70,600. He said that 450K addresses have acquired 273K BTC at this zone, indicating strong support levels. He even added that “the odds are in favor of the bulls!”

Martinez’s optimistic outlook aligns with the broader sentiment in the crypto market, where investors and analysts alike are eyeing further upside potential for Bitcoin. However, while the prospects of Bitcoin’s price surpassing $77,000 are enticing, he has also urged caution amid the market’s inherent volatility.

Also Read: WisdomTree Secures FCA Approval To List Bitcoin, Ether ETPs On LSE

Evaluating The Risks

Despite the bullish momentum, analysts caution against overlooking potential risks associated with Bitcoin’s price movement. While Martinez’s predictions paint a bullish picture, market dynamics can swiftly change, leading to unexpected downturns. With Bitcoin hovering near key resistance levels, there’s a possibility of heightened volatility in the short term, potentially triggering a brief correction.

Meanwhile, in his recent analysis, Ali Martinez noted that Bitcoin can face a brief correction after reaching its local top at $77,593. Considering that the market participants are advised to closely monitor market developments and exercise caution when navigating Bitcoin’s price fluctuations. 

Although optimism prevails in anticipation of further gains, maintaining a balanced approach to investment strategies remains prudent. As of writing, the Bitcoin price was down 1.7% over the last 24 hours and exchanged hands at around $70,016.20. Despite the price drop today, the BTC price has noted gains of nearly 12% over the last seven days.

Simultaneously, the Bitcoin Futures Open Interest (OI) has also fallen 2.17% over the last 24 hours to 498.77K BTC or $34.99 billion.

Also Read: Cardano Founder Charles Hoskinson Accuses US Fed Of Corruption, Here’s Why

✓ Share:

• Recommended
• Price Analysis

• South Korea Ends 2018 Ban on VC Investments in Crypto Firms
• Wall Street’s CPI Forecast: Expert Examines if Bitcoin Price Can Sustain Triangle Breakout?
• Avalanche Seeks $1B to Launch Treasury-Focused AVAX Firms in U.S.
• Dogecoin Leads Crypto Market Rally, Expert Sees $0.50 Target on DOGE ETF Launch
• Ethereum News: Latest On-chain Activity Hints Massive ETH Purchase by Bitmine (BMNR) and SharpLink (SBET)

• Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
• SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
• Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
• Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
• Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.