Bitcoin has tumbled 13,25% from $99,493 to $86,306, marking one of its most significant corrections in recent months.

The failure to sustain momentum above $90,000 has heightened investor caution, with analysts debating whether BTC has reached a temporary bottom or if further declines are imminent.

The broader market downturn has also been exacerbated by Bybit’s record-breaking hack, adding another layer of uncertainty.

Analysts Warn of Deeper Corrections

Ari Paul, co-founder of BlockTower Capital, believes Bitcoin could continue sliding toward the $73,000–$77,000 range, pointing out that this cycle is unfolding more gradually than previous bull runs.

Meanwhile, BitMEX founder Arthur Hayes warns that ETF-driven market structures and futures arbitrage could amplify selling pressure, potentially pushing BTC as low as $70,000 before any significant recovery.

Volatility Ahead as Technical Signals Flash Red

Technical indicators suggest that Bitcoin’s price action could see further turbulence. Market analyst Tony Severino highlights that Bollinger Bands are at their third-tightest formation since 2018, a setup that historically precedes extreme market movements.

Similar conditions in the past have resulted in either a steep 50% crash or an explosive 200% rally. With BTC hovering below the psychological $90,000 mark, traders are preparing for intensified volatility, particularly as macroeconomic factors continue to weigh on risk assets.