Bitcoin’s Dip is a Normal Correction, Cycle Peak Still Ahead, Say Analysts
Bitcoin’s recent price drop is nothing out of the ordinary, with analysts calling it a routine market correction rather than the end of the bull cycle.
Crypto experts point to macroeconomic factors, including uncertainty around U.S. tariffs and interest rates, as reasons for the slowdown. However, they maintain that Bitcoin’s long-term trajectory remains bullish.Bitcoin's Price Action:
Bitcoin has dropped 24% from its all-time high of $109,000 on Jan. 20, currently trading at $82,824. Analysts note that similar corrections have occurred in previous market cycles, suggesting this pullback is a natural phase in Bitcoin’s long-term trajectory.
The market needed to cool off after an overheated rally, says Ben Simpson, CEO of Collective Shift. Nick Forster, founder of Derive, adds that Bitcoin is still in a healthy long-term uptrend: “Historically, Bitcoin sees these corrections before hitting new highs.” While some experts warn of potential short-term volatility, others believe factors like U.S. rate cuts and easing liquidity could drive Bitcoin to new peaks later this year.
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