Sharp Correction in Bitcoin After $100,000: Analysts Identify Potential Bottom

Selling Pressure and Sectoral Divergence Following the reopening of U.S.
markets after the holiday, Bitcoin retreated to the $67,000 level, bringing its losses over the past month to 29%.
This pullback, which began at the $100,000 mark, has triggered bear market concerns among investors.
The weakness in crypto assets has paralleled declines in technology stocks, with the Nasdaq-100 index falling and software-focused tech funds experiencing significant losses.
In contrast, a recovery was observed in the finance and travel sectors.
Shares of companies such as Norwegian Cruise Line, Carnival Corp, and Airbnb recorded gains despite the broader market volatility.
Dynamics Different from Past Cycles Cryptocurrency analysts are comparing current market movements to the major crashes of 2017-2018 and 2021-2022.
In previous bear markets, Bitcoin lost between 75% and 85% of its value from peak levels, taking approximately one year to reach a bottom.
However, experts emphasize that the 2024-2025 cycle possesses different dynamics than previous periods.
Increased institutional interest following the introduction of Spot Bitcoin ETFs and strong support levels established between $50,000 and $70,000 provide strong signals that the decline process may be shorter than the classic 365-day periods.
Accumulation Phase and Future Outlook Analysts argue that the sharp correction from $100,000 to the $60,000 range has largely alleviated speculative pressure in the market.
With the clearing of overextended pricing in the altcoin market, it is noted that Bitcoin may have entered a new process called the "accumulation phase," which could last from several weeks to a few months.
While short-term fluctuations are expected to continue, institutional investor interest and the impact of ETFs are projected to trigger a new upward cycle in the medium term.