Bitcoin rebound after a 20% drawdown, expert: Not a real bear market
Bitcoin has rebounded 7.4% to 91,765 USD after hitting a low under 85,000 USD, marking a 20% drawdown from the peak in November, according to CNBC. Analysts believe this is a consolidation phase rather than a bear market, thanks to a strong on-chain structure and increased institutional capital. The traditional 4-year cycle of BTC may change due to ETFs, with forecasts of 175,000-250,000 USD by the end of 2025 if the momentum persists. However, short-term risks from high leverage (787 billion USD) and concerns about the Fed remain. This event reinforces confidence, driving capital rotation towards altcoins like Pi Network.
BTC
91,363.14
+1.92%
ETH
3,127.94
+2.65%