• An analyst has warned that a Bitcoin pullback of up to 30% could be on the horizon.
• This comes despite the strong bullish sentiment and expectations of a continued rally.

Bitcoin [BTC ($105,882.00)] has shown remarkable strength in recent weeks, surging 39.51% over the past month and lifting its market cap to $1.85 trillion.

However, the past 24 hours have seen a 5.15% decline, signaling a potential pause in the uptrend.

While this drop may indicate a healthy correction, bullish fundamentals remain. Bitcoin could regain momentum and resume its climb after this period of consolidation.

Potential BTC correction?

Crypto analyst King Young Ji has cautioned that BTC may face a significant corrective move before resuming its upward trajectory.

“Even in a parabolic bull run, Bitcoin can see -30% pullbacks”

He noted, referencing historical data to back his claim.

He pointed to Bitcoin’s performance during the 2021 bull run, where prices surged from $17,000 to $64,000. Despite the strong rally, BTC experienced five notable corrections.

The smallest drop was 10%, while the largest reached 28%, highlighting the volatility of even bullish market phases.