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Bitcoin continues to decline for three consecutive days, reaching $92,000. This correction has pushed Bitcoin to its lowest level since early 2025, erasing all the gains accumulated over the past 10 days.
However, analysts remain optimistic, saying that Bitcoin has not yet reached its peak in the current cycle and predicting that its price will soon recover. Analyst Mags said that Bitcoin is in a consolidation phase and is currently retesting the local low point, which is a good opportunity to buy before a new rally. Similarly, Crypto Rover also forecasts that a strong rally will soon occur.
Since reaching its peak at $102,700 on January 6, Bitcoin has dropped almost 10%. This decline has hit miners hard, with daily income on the Bitcoin network dropping to the lowest level in the last 30 days.