Bitcoin’s Correction Doesn’t Dampen Long-Term Growth Potential

Despite recent price drops, Bitcoin (BTC) remains poised for sustained growth according to experts. Amberdata, a leading crypto options analytics firm, suggests that the current downturn is part of a cyclical pattern. The company cites a decline in demand compared to April and May as a temporary factor, with Bitcoin currently holding above $100K despite increased profit-taking. Predicting a slow yet consistent upward trend, Amberdata’s Greg Magadini attributes this resilience to expanding DeFi applications and rising institutional investments.