Bitcoin's recent price action has caught the attention of traders, with three consecutive red candles on the daily chart, a pattern not seen since November. BTC has dipped over 15% from its peak, but some analysts believe the correction is nearing its end. Captain Faibik suggests a bounce around $94,000, while Cold Blooded Shiller anticipates a deeper pullback to $85,000. Meanwhile, selling pressure, especially on Coinbase, has intensified, with realized losses hitting $28.9 million recently. For a bullish reversal, Bitcoin needs to close above $95,000.