$BTC Bitcoin appears to be in a healthy correction phase after an extended rally that pushed it well above $100k in late 2025 (all-time high ~$126k). The current drop to the mid-$70k range brings BTC back toward more "neutral" valuation bands on long-term models (e.g., closer to accumulation zones on rainbow/logarithmic charts).
Bearish drivers include:
Macro risk-off sentiment (stronger USD, potential policy shifts).
ETF outflows observed in late January.
Profit-taking after the prior bull run.
However, volume remains elevated during the decline, and Bitcoin has historically bounced strongly from similar 20–30% corrections in bull market cycles. A hold above $75k–$76k could signal stabilization, while a break lower might target deeper support near $68k–$72k (mentioned in some analyses as moving average zones).
Overall, the candlestick pattern suggests caution in the short term, but the broader 2025–2026 cycle remains constructive unless major breakdowns occur. Traders are watching for reversal signals like bullish engulfing or hammer candles near current levels.
