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Bitcoin is currently trading around $73,885, and the market has not made any major move over the past 24 hours, suggesting that both buyers and sellers are waiting for the next significant decision point. Based on my personal opinion and historical market behavior, the possibility of a deeper correction cannot be completely ruled out. In the past, Bitcoin has experienced declines of 20% to 40% even during major bull runs. Therefore, if selling pressure increases, levels below $70,000 and even zones near $60,000 should not be ignored.
Many people are holding their positions with the expectation that the market will continue moving straight upward. However, the reality is that large investors often drive the market to levels where most participants become discouraged. If we see temporary dips or long wicks below $60,000 in the coming weeks or months, it would not be surprising to me. That said, this is only a possible scenario and not a certain prediction.
Remember, this is my personal view based on research and historical market trends, and it is not financial advice. Always do your own research and make risk management your top priority.
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