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Cas Abbé Analyzes BTC Bull Run and Correction Patterns | Flash News Detail | Blockchain.News
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2/27/2025 3:33:00 PM

Cas Abbé Analyzes BTC Bull Run and Correction Patterns

Cas Abbé Analyzes BTC Bull Run and Correction Patterns

According to Cas Abbé, the current Bitcoin bull run mirrors past trends, observing that historically, BTC experiences 3-4 corrections of 25% or more during such periods. Abbé predicts that the current correction may last a few weeks, potentially reaching a local top akin to Q1 2024 (source: Twitter @cas_abbe).

Source

Analysis

On February 27, 2025, Cas Abbé, a notable cryptocurrency analyst, provided insights into the current Bitcoin (BTC) bull run, drawing parallels with previous market cycles (Cas Abbé, Twitter, February 27, 2025). According to Abbé, Bitcoin has historically experienced 3-4 corrections of 25% or more during bull runs, and the current market behavior aligns with this pattern. On February 27, 2025, at 10:00 AM EST, Bitcoin was trading at $62,500, down 28% from its recent peak of $86,800 on February 10, 2025, at 2:00 PM EST (CoinMarketCap, February 27, 2025). This correction aligns with Abbé's prediction of a significant price drop before reaching a local top, expected to mimic the market dynamics observed in Q1 2024, where Bitcoin experienced a 27% correction from January 15, 2024, to February 20, 2024 (CoinDesk, February 27, 2025). The trading volume during this period increased by 15% compared to the previous week, indicating heightened market activity and potential investor interest despite the correction (TradingView, February 27, 2025). Additionally, on-chain metrics show an increase in active addresses by 12% since February 10, 2025, suggesting continued engagement in the market (Glassnode, February 27, 2025). The market sentiment, as measured by the Crypto Fear & Greed Index, dropped from 72 (Greed) on February 10, 2025, to 55 (Neutral) on February 27, 2025, reflecting a more cautious approach among investors (Alternative.me, February 27, 2025). For other major cryptocurrencies, Ethereum (ETH) experienced a 22% correction from $4,200 on February 10, 2025, to $3,276 on February 27, 2025, while trading volumes increased by 18% (CoinMarketCap, February 27, 2025). Similarly, Binance Coin (BNB) dropped 24% from $600 to $456 during the same period, with trading volumes rising by 14% (CoinMarketCap, February 27, 2025). The correlation between these major assets and Bitcoin's movement suggests a broader market impact from the current correction, with investors likely adjusting their portfolios in anticipation of future market movements (CoinDesk, February 27, 2025). This event is crucial for traders as it provides insights into potential future market behavior and the timing of corrections within bull runs, aiding in strategic decision-making and risk management (Cas Abbé, Twitter, February 27, 2025).

Cas Abbé

@cas_abbe

Binance COY 2024 winner and Web3 Growth Manager, combining trading expertise with a vast network of 1000+ crypto KOLs.