#MarketPullback #MarketPullback The pullback of Bitcoin to 70,000 dollars is part of a "macro correction" within the bull market, according to analysts

Although Bitcoin could pull back to around 70,000 dollars, this still represents a "correction within a bull market"

The pullback of Bitcoin to 70,000 dollars is part of a "macro correction" within the bull market, according to analysts

The potential pullback of Bitcoin to 70,000 dollars may be an organic part of the current bull market, despite cryptocurrency investors' concerns about the early arrival of the bear market cycle.

Bitcoin fell more than 14% during the last week to close around 80,708 dollars after investors were disappointed by the lack of direct federal investments in Bitcoin in President Donald Trump's executive order from March 7, which outlined a plan to create a Bitcoin reserve using cryptocurrencies seized in government criminal cases.

Despite the decline in investor sentiment, cryptocurrencies and global markets remain in a "macro correction" as part of the bull market, according to Aurelie Barthere, senior research analyst at the cryptocurrency intelligence platform Nansen.