Analyst: The upward trend may temporarily stagnate, but the medium and long-term indicators are still bullish. Any price correction might just be a temporary phenomenon

Analyst Santiment posted that Bitcoin's whale transactions have spiked to their highest level in over 10 weeks, with 11,697 $100K+ transfers on the network Tuesday, and Wednesday on pace for a high mark as well. 

 

Santiment believes: "Additionally, conversations across social media have veered heavily toward BTC over altcoins, with crypto's top asset making up over a quarter of all discussions. Traders are heavily on prices after exceeding $68K for the first time since July. Both of these signals are signs that the rally may be on hold due to key stakeholder profit taking and high crowd FOMO. However, with mid and long term metrics still looking bullish, any price correction would likely be a short one. “