Analysts assume that Bitcoin’s correction will continue until the inauguration of Donald Trump on January 20, but in the long term, the first cryptocurrency will experience growth.

In a number of cases, technical analysts point to correctional formations, but the real reason may be the lack of resistance in the form of purchases in the range from $72,000 to $92,000, says an expert under the pseudonym Ali. Bitcoin surpassed it in just a week, without any trading.

This is a free fall zone.

10x Research recalled its volatility expectations and disagreed with the popular view that Bitcoin will continue its parabolic growth ahead of the inauguration of Donald Trump.

Technical analyst and head of Factor LLC Peter Brandt suggested that the rate of the first cryptocurrency implements the Hump Slump Bump Dump Pump model, in which the last component remains unfulfilled.

QCP Capital called the Christmas rally of the first cryptocurrency a failure. K33 Research indicated a high probability of a bull run top forming on January 17th.