Real Vision CEO and Bitcoin(BTC) advocate Raoul Pal made a warning that a major Bitcoin(BTC) correction could be on the horizon. In a series of tweets, the big Bitcoin(BTC) bull says he has shown his 289,000 Twitter followers signs that Bitcoin(BTC) is reaching a local peak. Pal uses the DeMark indicator to schedule entry and exit opportunities. When the DeMark pipeline indicator flashes at a value of 9, traders accept this as a retracement signal.

The macro investor also looks at the weekly chart of Bitcoin(BTC) and says that it also peaked. "It also piles up the weekly highs… and a larger correction looks very likely."

Pal points out that the monthly chart is ranked 9. "And worryingly, the monthly chart topped 9."

Pal notes that the crossing of the peak signals over multiple time frames indicates the possibility of a significant retracement. “All this opens up the possibility of a greater correction.This is not a [certainty], but the best models in the 3 time series are something to be taken seriously, and if you are not a long-term HODLer, I suggest you be a little careful. ”

Trader and crypto analyst Michaël van de Poppe also awaits a Bitcoin(BTC) correction. In a newly released video, Van de Poppe outlines the levels that investors should pay attention to.“What we're seeing here is the weekly zone, the resistance zone, which is still an all-time high. We have levels that we initially marked as interesting compared to previous resistance levels in the weekly time frame, and most notably around $ 14,000 - $ 13,500. So any of these levels is very important if we make a corrective move. If we can't make sense of it, it will probably be skyrocketed. "