Bitcoin (BTC) is set to end the week with a 9% drop, indicating traders may be booking profits in fear of a resumption of the downtrend. Analysts predict Bitcoin could reach the $26,600–$25,000 zone, where buying interest may increase. As an asset emerges from a bear market, it tries to form higher lows on the way up, which act as strong supports during subsequent corrections. The current pullback could end up forming a higher floor for Bitcoin, acting as a launch pad for the next rally. The correction in Bitcoin has pulled several altcoins down, but long-term investors should not panic and sell on every corrective phase. Every dip could be an opportunity to build a portfolio.
Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON
