Bitcoin’s recent price decline to near $92,000 is viewed by some analysts as a temporary setback rather than an indication of the end of its bull run. Despite the downturn, which coincided with the US Department of Justice approving the sale of 69,000 BTC worth over $6.5 billion leading to heightened investor caution, experts suggest that the overarching bullish perspective for Bitcoin remains unchanged.
Concerns about Federal Reserve rate changes and the approaching inauguration of President-elect Trump have created uncertainty in the market. Onchain data indicates a dominant sell-side momentum for the first time since March 2024, when Bitcoin hit approximately $74,000. However, analysts underscore that these movements are short-term fluctuations.
Avocado onchain, an anonymous crypto analyst, advises investors to remain focused on the long-term potential of Bitcoin rather than short-term market speculations that do not necessarily equate to a shift in market structure. Similarly, another trader, Mikybull, notes that of the 30 indicators used to identify a market peak, none have signaled such a point in the current cycle. According to Mikybull, each market dip presents a buying opportunity ahead of an anticipated major rally.
Alex Kruger, a crypto analyst, has dismissed long-term bearish predictions, expressing that the market’s pessimism might be overblown. He also pointed out that expected liquidity injections from traditional finance in 2025 have yet to be factored into Bitcoin’s valuation, suggesting optimism for future growth remains strong.
