Bitcoin (BTC) Headed for $72,000? Top Trader Warns of ‘Dead Cat Bounce’
Bitcoin (BTC) has struggled to break past $90,000 for five consecutive days, leading some analysts to question whether its recent uptick was merely a "dead cat bounce" before another leg down. Cryptocurrency trader and researcher Koroush AK suggests that Bitcoin’s current price action may signal further downside.
BTC’s Struggle: A Sign of Weakness?
📉 Bitcoin has printed its sixth consecutive lower high in 2025 on the daily timeframe, reinforcing the bearish outlook.
⚠️ Koroush AK notes that Bitcoin’s failure to hold above $90K for five straight days indicates weakness in the market.
"Consider this a Dead Cat Bounce until proven otherwise." — Koroush AK
BTC’s Potential Drop to $72K-$73K
🔹 If Bitcoin continues to struggle, Koroush AK’s analysis suggests a possible drop to the $72,000 - $73,000 range.
🔹 This would wipe out all gains made since November 2024, erasing the rally driven by U.S. Presidential election speculation.
Is Bitcoin’s Correction Still Healthy?
💡 Bitcoin is currently trading at $82,500, down 2.22% in the last 24 hours.
📊 The overall crypto market is down 2.38%, reflecting broader weakness.
📉 Historically, Bitcoin experiences 7-8 corrections per bull cycle, with 35-45% pullbacks considered normal.
🔹 Given Bitcoin’s recent peak at $109,000, a healthy correction could push BTC toward $60,000 before resuming an uptrend.
With Bitcoin at a critical juncture, traders are closely watching key levels for signs of a breakdown or recovery. Will BTC rebound, or is a deeper correction on the horizon? Stay tuned.$BTC
