In the last month, there has been an increase in volatility on the cryptocurrency market. Bitcoin (BTC), the world’s largest cryptocurrency, had a bullish 2025. The largest cryptocurrency in the world reached a peak of $109114.88. The king coin dropped to $78,248,92 within a matter of minutes, causing chaos in the entire ecosystem. Analysts suggest that the community may not be able to make significant gains within the next few months.
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Bitcoin: Is it still below $100,000?
Bitcoin, which had a price as low as $81,529.24 in just 24 hours, has now risen to $88,911.27. The king coin’s price has risen by nearly 4% in the past day. BTC traded at $87,000.61 when this article was written.
Bitcoin reached a maximum of $102,514.17 at the beginning of February. The asset dropped quickly to $78,248.92. This kind of a drop was a shock for the market. BTC will continue to trade at current prices for some time, while the market is looking for signs that it’s recovering.
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Third Correction Phase
CryptoQuant analyst says that Bitcoin’s current bull cycle will go through its third correctional phase. The third corrective phase of the current bull cycle began, according to some reports, in early 2023. BTC’s expected trading range is between $80K-$100K in the coming two to three month. The consolidation period is likely to be followed by future gains. These corrections are common in bull markets, and they provide stability and momentum.
Further analysis added,
“If history repeats itself, the current correction could persist for another 2 to 3 months, with BTC ranging between $80K and $100K. In this scenario, a decisive breakout above $100K could mark the end of the corrective phase, potentially paving the way for a rally toward $130K.“
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Source: watcher.guru
