Bitcoin Price Drops Over 22% from All-Time High, Analysts Weigh In

Bitcoin is currently down over 22% from its all-time high, with concerns rising regarding a potential bear market. Analysts are divided on the outlook for Bitcoin's price movement.

Key Points on Bitcoin Price Analysis

Analyst @ChartingGuy emphasizes the importance of reclaiming and holding the $95,000 level for a bullish outlook.
The $95,000 level was previous support in February, now acting as resistance after rejection on March 2nd.
The 0.618 Fibonacci retracement level at $95,000 is critical for determining bullish strength.
If Bitcoin fails to break above this level, an extended bearish phase may occur.
Charting Guy predicts a possible bull run from April to June, depending on market conditions in May.
Analyst @wauwda identifies multiple bearish signals for both Bitcoin and the S&P 500, including bearish crosses in key indicators.
Wauwda anticipates a relief rally but warns of market euphoria similar to what preceded the 2021 peak.
Key factors to watch include ETH/BTC and Bitcoin Dominance, which have shown volatile patterns without clear trends.

At press time, Bitcoin traded at $84,206.