Expect major BTC corrections before new all-time highs: Analyst

Bitcoin is expected to experience significant corrections of 20% or more as it approaches new all-time highs, akin to the behavior of Nvidia, according to analyst Jordi Visser. Visser noted that Nvidia saw multiple sharp corrections during its surge, having risen over 1,000% since ChatGPT's launch, which includes five corrections exceeding 20%. He believes Bitcoin will follow a similar trajectory. As Bitcoin's price remains around $110,000, some analysts are divided on whether it will reach new heights, possibly hitting $140,000, or if its recent downturn indicates a prolonged bear market. Factors like regulatory challenges and unrealized expectations of a U.S. government Bitcoin reserve hinder optimistic forecasts while analysts monitor gold and stocks alongside Bitcoin's performance amid evolving market conditions and technological disruptions.

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