Bitcoin has slipped below the $100,000 mark for the first time in 10 days, raising concerns among investors as market sentiment takes a bearish turn. The recent dip comes after BTC’s strong rally to new all-time highs, leaving traders questioning whether the momentum has fizzled out or if this is a temporary pause before the next surge.

Despite the bearish sentiment, analysts are labeling this retrace as a healthy correction that could provide the necessary fuel for Bitcoin’s next leg up. Axel Adler, a prominent crypto expert, shared insights suggesting that the market remains relatively calm, with no signs of significant panic selling. Adler notes that Bitcoin’s price action appears to reflect a natural pullback rather than the start of a deeper correction.

This consolidation phase could present an opportunity for buyers to re-enter the market, particularly as Bitcoin continues to show resilience in the face of heightened volatility. For now, all eyes are on whether BTC can reclaim the $100K level and maintain its upward trajectory, or if the market is preparing for an extended consolidation period. Analysts remain optimistic that Bitcoin’s long-term bullish trend is still intact.

Bitcoin Volatility Sparks Debate Amid $100K Drop

Bitcoin has faced significant volatility over the past weeks, culminating in a drop below the critical $100K mark. This move has sparked intense debate among analysts, with some calling for a potential cycle top near $109K. However, others argue this is merely a healthy retrace in Bitcoin’s broader bullish trend, offering a chance to consolidate and gather momentum for future gains.

Axel Adler, a leading crypto analyst, shared insights on X, pointing out that the short-term holders’ Profit and Loss (PnL) data from exchanges indicates there is no widespread panic selling in the market. According to Adler, this is a key sign that Bitcoin’s current price action is more reflective of natural market behavior rather than a large-scale shift in sentiment.