Bitcoin only sees a ‘normal correction,’ the cycle peak is still coming: analysts

Bitcoin’s correction from January’s peak is a common cycle pullback and unusual, with a top price at the end, crypto analysts and executives tell the cointelegraph.

“I don’t think the bull run ended; I think the climax of the cycle was pushed back because of the macro conditions, and global liquidity was not good, which didn’t help in crypto,” collective shift CEO Ben Simpson told Cointelegraph.

Bitcoin is experiencing an expected retraction

“This is just the third or fourth correction we have more than 25% we have in Bitcoin in this cycle compared to the 12 final twists,” Simpson said.

Bitcoin (Btc) dropped by 24% from all times high $ 109,000 on January 20 amid the uncertainty around the tariffs of President Donald Trump and the future of US interest rates, but Simpson called it “a normal correction.”

“Things are hot, and they need to cool down, and the market needs to find a new foundation, and now we’re waiting for the next new narrative,” he said.

Derive founder Nick Forster shared a similar view, telling Cointelegraph that Bitcoin “is likely at a normal stage of correction, along with the climax of the cycle that is still coming.”

“Historically, Bitcoin experiences these kinds of correction during long -term rallies, and there is no reason to believe at this time,” he said.

After Trump’s election in November, nearly 36% of Bitcoin climbed in a month, hitting $ 100,000 at the first time in December. At the time of publication, Bitcoin traded at $ 82,824, According to In coinmarketcap.

However, Forster added that Bitcoin’s six -month fate seems to be increasingly tied to traditional markets. Similarly, independent reserve CEO Adrian Przelozny told cointelegraph that it was not the only bitcoin affected by macroeconomic conditions.

“It covers all classes of possession and can lead to a spike in global inflation and a backward global growth,” Przelozny said.

Forster said the current price of bitcoin was aligned with the previous behavior before a price rally, even though it appears “chaotic” today.

Bitcoin’s current trend can “change rapidly”

The collective shift simply says that the next narrative is likely to revolve around the US rate cuts, avoiding the volume of tightening, and increasing global liquidity.

However, Capriole Investments founder Charles Edwards said he wasn’t sure if the Bitcoin Bull Run was over or not.

The odds are “50:50, in my opinion,” Edwards told Cointelegraph.

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“Yes, from an onchain perspective at present, but it can be changed quickly if the Fed starts to erasing in the second half of the year, stops reducing the sheet balance, and the dollar of liquidity is growing as a result, which I think has decent odds happening,” Edwards explained.

Comments come one day after cryptoquant Founder and CEO ki young ju It is declared that the “Bitcoin Bull Cycle is over.”

“Looking forward to 6-12 months of bearish or sideways price action,” Ju said.

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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.