A crypto correction is being predicted by market analysts.

Bitcoin's face-melting rally may be over as analysts see market corrections. However, most agree that leverage and sentiment are positive and the trend is up.

On December 5, Glassnode analyst “Checkmate” expressed his opinion on the possible market slowdown, saying, “I'd be surprised if Bitcoin doesn't rally.” [or] Right now.”

Is there a crypto correction?

The analyst added that a break of a few months would allow “investors' price base to retrain above the true market average.”

In addition, the market has not returned more than 20% this year, indicating constant and strong demand for space.

The previous bull market was down more than 60%, but that should still be in this bull cycle.

It is important to note that these are bull market corrections and not market bottoms, which usually decrease by more than 80% from the previous peak.

JRNY Crypto has reminded its 767K X followers of a major crash/correction before the last bull market.

“Things are moving fast in the crypto market right now, but let's just remember that we had a similar run in 2019 that was one of the worst crashes I've seen before the last release of Bitcoin.”

However, the biggest risk mentioned is the black swan event caused by the global market crash and the Covid lockdowns in March 2020.

“I wouldn't be surprised to see at least one more market correction before the real bull market starts,” he added.

At this time, there is a lot of geopolitical tension and economic uncertainty to deal with, so the bulls may not be ready to charge yet.

Trader Justin Bennett concluded that the last two bear markets have ended in a second cap. “Don't be afraid to throw away $25,000 in cash,” he added.

Markets in Retreat

Bitcoin remained unchanged at $41,600 today without much gain. As a result, total capitalization remains at around $1.61 trillion.

However, altcoins have already started to retreat, most of them will see red in the Asian trading session on Tuesday.

Most high-cap altcoins fell between 1 and 3 percent on the day. However, some were taking big hits, such as Solana, which dropped 7.2%, and Chainlink, which fell 5.8%.

Moreover, the altcoin markets have lagged behind Bitcoin during this rally and only managed to cope after 18 months of consolidation.