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.

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).