- Bitcoin price dipped from $109,114.88 to the $101,000 price range.
- Marker sentiment remains the same as BTC maintains a 6-digit price.
- Analysts expect much greater ATH prices for BTC in the days ahead.
The price of Bitcoin (BTC) traced back to the $101,000 price range within 24 hours of having hit a new ATH of $109,114.88. While the dip is disheartening the crypto community remains jovially positive as the fact that BTC has maintained 6-digit prices and hopes to not see the pioneer crypto asset slip further to the $90,000 price areas.
Bitcoin’s Recent Decline After a New ATH
This new BTC ATH has reignited hopes for BTC prices to continue its climb and set much higher highs in the coming days ahead. Some analysts expect new highs from $113,000 to $175,000 and all the way up to $250,000. Despite these varying expectations, all predictions are highly bullish and Bitcoin could very well deliver this year.
A Tame Retraction in a Bull Market
As we can see from the post above, the latest price decline has not harmed the market’s bullish sentiment. The Crypto Fear & Greed Index in particular marks that the score has remained at the bullish ‘Extreme Greed’ zone with the same score of 76 from yesterday when Bitcoin set its latest ATH.
The post above also declares that January’s decline has been pretty tame considering the year of a bull market and chalks this up to the head start in December. He also highlights how every cycle usually takes off after January 25 followed by a serious surge in March. He concludes saying that market volatility is ramping up and Bitcoin is only getting started.
