Bitcoin has undergone a correction process that has worried investors as it declined by 25% from its all-time high (ATH). Market observers note that this drop has been influenced not only by technical factors but also by macroeconomic developments.

Reaching a historical peak of $108,786 on January 20, Bitcoin started the new week at levels around $81,800. Despite the year-over-year drop from 2.9% to 2.6% in the US Personal Consumption Expenditures (PCE) price index meeting market expectations, BTC only saw a limited increase. However, it quickly came under selling pressure, losing more than 6% and dropping to $78,400, reaching its lowest level in three months.

IS IT A TECHNICAL CORRECTION OR THE BEGINNING OF A DOWNTREND? Cryptocurrency market analysts express that the decline is primarily a technical correction, but certain macroeconomic factors have accelerated this process. The B2BINPAY team stated that the Trump administration’s tariffs and sovereign trade policy actions have created additional uncertainty in the market, impacting the Bitcoin price negatively. Predictions about Bitcoin’s future movements are being shaped based on technical levels. According to analysts, if Bitcoin drops below the 3-month simple moving average at $71,880 (3M SMA), the downward trend could gain momentum. Further decline becomes more likely if BTC fails to quickly return to the $80,000 levels.

UNCERTAINTY PERSISTS REGARDING BITCOIN’S DIRECTION Standard Chartered also shared a similar view, predicting that Bitcoin could retest $69,000 in early March. According to IntoTheBlock’s data, a significant accumulation has taken place between $60,000 and $72,000. This range includes more than six million addresses holding 2.64 million BTC, potentially forming a major support area. However, continued volatility is expected for investors. While technical indicators and macroeconomic developments are closely monitored, uncertainty remains about which direction Bitcoin will take in the short term. Bitcoin has undergone a correction process that has worried investors as it declined by 25% from its all-time high. With inflation expectations and spot ETF outflows adding to the selling pressure alongside technical factors, analysts warn that the decline could persist. A pullback towards $69,000 is a possibility if the $80,000 level is not maintained.