Bitcoin's price has taken a tumble, dropping 1.41% in the last 24 hours and 6.5% over the past week. The cryptocurrency fell to a one-month low of $64,237, breaching the significant $65,000 level. This has triggered a wave of liquidations across the crypto market, with $61 million worth of long Bitcoin positions liquidated in the last 24 hours. Despite the downturn, analysts remain optimistic about Bitcoin's recovery in the coming weeks. Some even predict a six-figure target for Bitcoin's price at $100,000. However, the crypto market continues to face intense sell-side pressure, as evidenced by a 60% surge in total trading volume.