Bitcoin's (
$BTC ) Price Plunge: Is $72,000 the Next Stop?
The cryptocurrency market is on high alert as Bitcoin (BTC) struggles to break through the $90,000 barrier. Despite its recent upsurge, the cryptocurrency's failure to reach $90,000 for five consecutive days has led top trader and researcher Koroush AK to sound the alarm.
The "Dead Cat Bounce" Warning
Koroush AK has warned that Bitcoin's (BTC) recent price surge may be nothing more than a dead cat bounce - a brief, false rally in a declining market. This pessimistic outlook is based on Bitcoin's (BTC) sixth "lower high" in 2025 on the one-day time frame.
A Deeper Dive into the Analysis
In an analysis shared with his 374,000 followers, Koroush AK revealed that Bitcoin (BTC) has failed to reach $90,000 after five consecutive attempts. This, combined with the cryptocurrency's recent short-lived price upsurge, has led Koroush AK to predict a further downturn.
The Price Prediction: $72,000-$73,000
According to Koroush AK's chart, Bitcoin's (BTC) price may extend its plunge to $72,000-$73,000 zones. This would erase all gains triggered by the U.S. Presidential elections' effects and bring the cryptocurrency back to its early November 2024 levels.
Is the Correction Still Healthy?
By press time, Bitcoin (BTC) is changing hands at $82,500, down 2.22% in the last 24 hours. While some analysts believe a 35-45% pullback is a healthy price performance, others are warning of a further downturn.
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