Since Donald Trump's election victory on November 5, Bitcoin (BTC) has experienced a significant bull run, reaching a record high of over $108,000. However, this upward momentum has recently stalled as the cryptocurrency fell below the important $100,000 mark.

This has led analysts to speculate about the possibility of a deeper correction, as some experts believe Bitcoin could drop to around $85,000 or even $75,000 before continuing its upward momentum.

Is this a temporary setback or the calm before the final price surge?

Analyst Morecryptoonl emphasizes that the current market momentum suggests a significant possibility that Bitcoin will move towards the $85,000 level. This forecast stems from the observation that the recent price wave lacks the usual strength seen in bullish trends, failing to achieve key extension levels.

"The overlapping and corrective nature" of the bull run, as highlighted by the analyst, further reinforces the idea that a significant pullback may be imminent. If this scenario unfolds, it could represent the final major correction of the current bull market, setting the stage for the ultimate price surge.

Technical analyst Rekt Capital offers a contrasting view, asserting that the assertion of Bitcoin at $75,000 as a favorable entry point is relative to the current price of around $97,000.

Rekt Capital also suggests that what appears to be a bargain currently may not seem attractive when Bitcoin was at that level.

Despite the pessimistic sentiment from some experts, others see the recent price correction as a significant buying opportunity. Analyst VirtualBacon argues that the market's reaction to Bitcoin's drop from $108,000 to $96,000 is 'exaggerated'.

Is Bitcoin preparing to reach a new all-time high?

VirtualBacon asserts that this decline is not a sign of market collapse, but rather a healthy consolidation phase in an ongoing bull market.

Historical data supports this view, as corrections of this nature often occur before new highs. Key support levels, such as the 21-week exponential moving average (EMA) around $79,000 and the 200-day EMA near $73,000, remain intact, suggesting that even a brief dip to these levels would not destabilize the overall bullish structure.

According to VirtualBacon, fundamental economic conditions also play a significant role in shaping the future of Bitcoin. Recent actions by the Federal Reserve (Fed), including a moderate interest rate cut and a cautious approach to monetary policy, indicate a stable economic environment.

While the Fed continues its quantitative tightening (QT) policy, expectations are that this policy will not last indefinitely. The rising debt crisis in the United States may necessitate a return to quantitative easing (QE), which has previously fueled bullish trends in the cryptocurrency market.

In summary, Bitcoin's recent price decline is seen by many as a temporary setback rather than the end of the bull market. As long as Bitcoin maintains its position above key support levels, the bullish trend remains intact.

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