Analysts spoke: Is the decline in Bitcoin (BTC) normal?

The decline in #BTC price after the Bitcoin halving worries investors. However, most analysts who have a large number of followers on social media prefer to stay on the cool side.

The cryptocurrency with the largest market value has lost nearly 20 percent in value in the last three months. Traders are of the opinion that this movement is a normal correction that occurs during the market cycle.

“It was necessary for the halving cycle”

Famous cryptocurrency phenomenon Rekt Capital shared in his post on his X account that the retreat in BTC price is compatible with the halving cycle.

Although Rekt Capital admitted that the withdrawal of Bitcoin price and the horizontal trend was painful, he comforted investors with these words:

This is exactly what is needed for the cycle to get back into sync with historical price norms and the traditional halving cycle.

“The fourth correction in Bitcoin in a year”

Another name that remained calm regarding the downward movements was Real Vision CEO Raoul Pal. Pal is of the opinion that the fourth 20 percent correction seen in the last year is quite ordinary.

Real Vision CEO, who maintained his cool demeanor in his post on his X account, included the following words:

“This is the 4th 20% correction in BTC in 12 months… pretty commonplace.”

#ScamRiskWarning

According to Pal's post, the BTC price faced similar corrections in February, June and August 2023. Bitcoin experienced declines approaching 20 percent in the first weeks of 2024 and today.