Thursday’s cryptocurrency market crash has sparked several reactions, with industry players weighing in on the reasons and potential impacts of the market’s price collapse. Bitcoin has fallen below $100,000, but crypto optimists say the pullback is a blessing in disguise, opening up profit opportunities for investors.

The bearish pressure continued into the early hours of Friday morning, with Bitcoin breaking through Thursday’s low of $95,537 to hit a daily low of $93,887. That level marked Bitcoin’s lowest price in more than a week amid a significant bullish uptrend that saw the cryptocurrency hit a record high of $108,364 on December 17$COW $CTXC $USUAL #2024withBinance

While most retail crypto investors are waiting to see how the market will play out, analysts are making their next moves. Most say the correction is temporary. One analyst said there will be a video broadcast on Friday to give an overview of the crypto market and help traders find critical levels to enter the market.