Bitcoin Price to Retest $48000 As Bullish Pattern Hints End of Correction

Bitcoin, the leading cryptocurrency, entered the new week with a solid bullish outlook with an intraday of 2.6% and currently trading at $43158. This uptick has surpassed last week’s high, the period which creates wide market concern of a potential downfall. A look at the daily time frame shows the Bitcoin price reversal has also developed into a bullish reversal pattern, suggesting the correction phase is over and the market might trigger another push.