The cryptocurrency market has been experiencing increased volatility over the past month. Bitcoin (BTC) had an extremely bullish start to 2025. The world’s largest cryptocurrency climbed all the way to a high of $109,114.88. But the king coin dipped to a low of $78,248.92 in no time and caused chaos across the ecosystem. While the community is betting on pocketing major gains over the next couple of months, a prominent analyst is suggesting otherwise.
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Is Bitcoin Still Trading Below $100,000?
After dipping to a low of $81,529.24, Bitcoin managed to surge all the way to a high of $88,911.27 in the past 24 hours. Throughout the last day, the king coin recorded a nearly 4% uptick in its price. At the time of writing, BTC was trading at $87,070.61.
Bitcoin started the month of February at a high of $102,514.17. But the asset soon dropped to a low of $78,248.92. A downfall of this magnitude came as a huge shock to the market. While the market was looking for signs of recovery, BTC is expected to continue trading around its current price levels for some time.
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Third Correction Phase
According to an analyst at CryptoQuant, Bitcoin will enter the third corrective phase of its current bull cycle. This reportedly started in early 2023. During this period BTC is expected to trade between $80K and $100K during the next two to three months. This points to a time of consolidation before the possible future gains. Bull markets frequently experience these corrections, which provide market stability and momentum.
The analayst further added,
“If history repeats itself, the current correction could persist for another 2 to 3 months, with BTC ranging between $80K and $100K. In this scenario, a decisive breakout above $100K could mark the end of the corrective phase, potentially paving the way for a rally toward $130K.“
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