Bitcoin Price Correction and Bullish Outlook Beyond $112K

The Bitcoin has entered a correction phase following a significant rally, with the correction identified in the red zone on May 29. Recent issues in the U.S., including the suspension of tariffs and concerns over national debt, have minimally impacted the market as BTC continued its ascent largely without retracements, which is normal in such bullish periods. In a conservative outlook, a correction could bring BTC down to approximately $102,000, while a more severe scenario, considering a 'black swan' event, might see the price dipping to around $95,000. Despite this downside, the overall bullish trend remains intact, with expectations of surpassing $112,000 in the future. It's important to note that the summer months traditionally lead to lower market activity, which could influence price movements. The bullish signals for altcoins are also anticipated at the $112,000 level. Further detailed analysis will be discussed on the channel, with many insightful metrics to follow. Anticipate updates next week.