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Bitcoin Price Correction Targets $55,900 and $44,700 Amid Market Drop
The Bitcoin market is experiencing a correction, with a 10.4% price drop over the past week.
Potential Bitcoin Price Targets
- Analyst Ali Martinez identifies potential local bottom targets at $55,914 and $44,713 using MVRV Pricing Bands.
- Bitcoin could face additional corrections of 35%-48% before a possible rebound.
- If a bullish rebound occurs, upside targets are $134,195 and $178,927.

Bitcoin Market Overview
- Current trading price: $85,938 with a 1.15% daily gain.
- Daily trading volume decreased by 68.09%, now at $40.75 billion.
- US BTC Spot ETFs report a net outflow of $4.339 billion in four weeks.
