The recent sharp corrections in Bitcoin and altcoins have led to speculation that a bear market has begun early, but analysts argue that these declines are normal and healthy within a bull market. They consider the current correction to be a "macro correction" and suggest that it could go up to $70,000. Key support levels are noted to be around $71,000-$72,000. The broader market concerns, such as tariff uncertainties and recession fears, are impacting investor sentiment. Some analysts believe that these corrections will provide a stronger foundation for future rallies. BitMEX co-founder Arthur Hayes predicts that Bitcoin will bottom at around $70,000 and considers this level to be normal for a bull market.



Other News from Today