Bitcoin has entered a corrective phase, dropping by 25% from its all-time high (ATH), causing concern among investors. Market observers note that this decline is influenced not only by technical factors but also by macroeconomic developments.

Reaching a historical peak of $108,786 on January 20, Bitcoin started the new week hovering around $81,800. Despite the US Personal Consumption Expenditures (PCE) price index dropping from 2.9% to 2.6% annually meeting market expectations, BTC only showed a limited rise. However, it quickly fell under selling pressure, losing over 6% to drop to $78,400, reaching its lowest level in three months.

IS THIS A TECHNICAL CORRECTION OR THE BEGINNING OF A DOWNTREND? Crypto market analysts suggest that the recent decline is primarily a technical correction but accelerated by some macroeconomic factors. The B2BINPAY team mentioned that the Trump administration’s tariffs and sovereign trade policies introduced additional uncertainty in the market, negatively impacting Bitcoin prices. Predictions about Bitcoin’s future movements depend on technical levels. Analysts warn that if BTC falls below the 3-month simple moving average at $71,880, the downtrend could intensify. If Bitcoin cannot quickly return to the $80,000 levels, the possibility of further decline will increase.

UNCERTAINTY PERSISTS REGARDING BITCOIN’S DIRECTION Standard Chartered also shared a similar view, predicting that Bitcoin could retest $69,000 in early March. According to data from the crypto analysis firm IntoTheBlock, a significant accumulation has occurred between $60,000 and $72,000. This range includes over six million addresses holding 2.64 million BTC, forming a major support area. However, investors are expected to face ongoing volatility. As technical indicators and macroeconomic developments are closely monitored, uncertainty remains about which direction Bitcoin will take in the short term. Bitcoin’s decline by 25% from its all-time high triggers concerns among investors due to the increasing selling pressure influenced by technical factors, inflation expectations, and spot ETF outflows. Analysts warn that the downturn may continue, with the possibility of a pullback towards $69,000 if the $80,000 level is not maintained.