Bitcoin experienced a significant drop from over $126,000 in early October to under $100,000 by year-end and plummeted to $60,000 recently, marking a 52% decline from its all-time high. This volatility raises concerns about whether the market is facing a healthy retracement or a bearish trend. Whenever bitcoin corrects after a prolonged rally, the general question within the cryptocurrency community is whether this is another “healthy” retracement in a bull market, or the trend has changed completely, and the bears are in full control. The past few months, though, do not appear to be a regular correction.
Bitcoin traded above $126,000 in early October before it plunged to under $100,000 by the end of the year. Its impressive start to 2026 was quickly halted, and the asset plummeted to $60,000 last Friday, charting a 52% drop since its all-time high. The majority of voters in a recent poll believes there’s more pain ahead for bitcoin…. Bitcoin has slid from over $126,000 in early October to below $100,000 by year-end, and recently traded near $60,000, marking a 52% decline from its all-time high.
This volatility fuels a debate about whether the move represents a healthy retracement in a bull market or the onset of a bear trend. The sequence of declines over the past months does not look like a typical correction, keeping traders cautious. Many market watchers question whether the $60,000 level marks a bottom, with poll-driven signals and sentiment data suggesting more pain could be ahead for Bitcoin. Price action remains volatile, and the trajectory may hinge on whether buying interest returns and momentum shifts back toward support levels.
Looking ahead, investors will monitor for signs of a durable bottom and a possible recovery. The broader crypto market, including major assets like XRP and ADA, will influence Bitcoin’s next move as traders reassess risk and positioning.
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