$BTC Bitcoin's recent 6% drop has sparked concerns about its future performance. However, analysts predict a potential "sizeable bounce" at $71,000 if US trade tariffs result in further $BTC price pressure. Some experts even believe Bitcoin will make new all-time highs this year, citing the simplicity of its chart and the alignment of short-term and long-term channels.

Despite the volatility, there are signs of institutional investment, with BlackRock CEO warning that investors could see Bitcoin as a safer bet than the US dollar, and Michael Saylor's MTSR acquiring nearly $2 billion in Bitcoin.

*Key Factors to Watch:*