Bitcoin’s Pullback Signals a Potential Explosive Breakout

Following a nearly 20% drop from recent highs, Bitcoin analysts are optimistic about the market’s next leg up, viewing the pullback as a typical mid-cycle correction. Data shows whales are active but not causing major price drops. Long-term holders remain in accumulation mode, and technical signals suggest a breakout is likely within the next few months. 20% retracement often precedes significant rallies. This view is supported by on-chain data: realized profits, MVRV ratios, and active address growth all indicate the bull market remains intact.