BitForex founder Garrett Jin says BTC correction may not be over, eyes $76K support

Garrett Jin, the BitForex founder facing allegations of profiting from insider trading ahead of last October’s record forced-liquidation event, said in a weekly report that Bitcoin’s sideways pattern has not ended and the current correction may not even be halfway complete. Jin added that BTC had previously risen to $82,300 but failed to hold that level and slipped back into its range. Spot buying remains in place, Jin said, but for now it is not strong enough to absorb selling pressure above $82,000. If stronger spot demand helps BTC reclaim $82,500, the next resistance zone would be $83,000 to $86,000, he said. If the breakout fails, the key level to watch is support at $76,000.