Bitcoin recently experienced a sharp decline from its all-time high, shaking the market's confidence and prompting analysts to reassess their forecasts. Many now suggest that Bitcoin might revisit crucial support levels, estimating a potential drop to a range between $85,000 and $90,000.
Despite the short-term bearish outlook, the overall sentiment remains optimistic. Analysts project that after this potential retracement, Bitcoin could embark on a bullish journey towards the milestone of $100,000.
This correction is viewed by some experts as part of a healthy, long-term progression for Bitcoin, rather than a cause for alarm. The cryptocurrency's volatility continues to foster mixed feelings among investors.
