Bitcoin (BTC) has experienced a drop of about 5% from its all-time high (ATH) of $104,000, signaling a potential bear market. The fractal pattern compared to gold suggests a possible 35% drop from the ATH. The recent pullback has resulted in a massive liquidation activity on futures exchanges, totaling over $1.5 billion. The funding rate has been reset, potentially allowing for a more natural price increase. The bear fractal and overbought RSI indicate the possibility of a price drop. Similar technical analysis clues in the past have led to significant price drops. However, a correction would be healthy for Bitcoin, which has seen a rapid increase of about 90% in two months. It is believed that the true top of the bull cycle may occur in the fourth quarter of 2025.



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