Bitcoin’s Price May Have Seen ‘Deepest Pullback’ at $77K, Analyst Suggests

A prominent cryptocurrency market strategist has posited that Bitcoin (BTC) may have already completed the most severe correction of its current bullish cycle. The analyst points to the recent intense volatility surrounding the $77,000 price level as the critical zone where the market experienced its ‘deepest pullback.’

This assessment suggests that the sharp downward move observed, regardless of the precise local bottom achieved, represents a necessary structural retest rather than a trend reversal. According to the analyst, the intensity of the selling pressure successfully purged excessive market leverage and capitulated weaker positions—factors essential for establishing a healthy, sustainable foundation for the next leg up.

If this thesis holds, the market is positioned to consolidate strongly. Future corrections are anticipated to be shallower and less frequent, confirming that institutional and sustained retail demand remains robust at these higher price tiers. This perspective provides reassurance that the foundational structure of the bull market, supported by strong ETF inflows, remains sound, setting the stage for a continuation toward new all-time highs.

Source: Bitcoin’s price may have seen ‘deepest pullback’ at $77K: Analyst