How is the Bitcoin Market Faring After Wednesday's Correction?

Bitcoin experienced a significant correction on Wednesday, leaving many investors wondering about the current state of the market and its future trajectory. Has Bitcoin completed its correction, or is there more downside to come? Recent analysis provides some insights into the post-correction performance and potential scenarios.

As was observed in the past few days, Bitcoin's price recovered by nearly 9% since tagging $29K support on 9 May before erasing gains once again on Wednesday. This volatility highlights the uncertainty surrounding Bitcoin's immediate future. After a severe correction that saw Bitcoin lose nearly 30% of its value, technical signals are increasingly positive. Indeed, since its low point around 50,000 dollars, there's been some signs of recovery.

One analyst, Captain Faibik, an independent crypto trader, said that BTC’s correction was approaching a conclusion after Bitcoin price falling under $93,000 on Dec. 20. He posted this observation on X (formerly Twitter).

Key Levels to Watch

The market remains undecided. According to recent Bitcoin analysis, the December 2025 highs need to remain as support in the upcoming weekly close after an 8% BTC price drop. For any short-term bullish movement, Bitcoin needs to break above $85,300, while a bearish scenario would require a drop below. These levels are crucial indicators of potential future movement.

Bitcoin started 2025 on the right foot, regaining some losses since the Dec. 17, 2025, all-time high. However, the long-term trend remains subject to numerous economic and market factors.

Conclusion

While the initial shock of Wednesday's correction may be subsiding, the Bitcoin market's direction remains uncertain. Monitoring key support and resistance levels is crucial for understanding potential price movements. Keep a close eye on the indicators mentioned above and consult with a financial advisor before making any investment decisions.