Bitcoin Price Plummets: Top Trader Discusses ‘Dead Cat Bounce’ Scenario
Bitcoin (BTC) faces difficulties exceeding $90,000, prompting expert Koroush AK to label the current rise as a “dead cat bounce.” Predictions suggest a possible plunge to $72,000, while corrections are considered standard in Bitcoin’s bullish cycles.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has struggled to breach the $90,000 mark for five consecutive days. According to Koroush AK, a well-respected cryptocurrency trader and researcher, this recent increase could be classified as a “dead cat bounce,” indicating that further declines may follow.
On March 28, 2025, Koroush AK shared his insights with his 374,000 followers, noting that Bitcoin has experienced its sixth “lower high” this year. He emphasized that Bitcoin failed to surpass the $90,000 threshold after repeated attempts, leading to increased skepticism among previously optimistic investors.
Koroush AK’s analysis suggests that Bitcoin could continue to decline, potentially reaching the $72,000 to $73,000 range. Such a downturn would revert Bitcoin to levels seen in early November 2024, negating gains attributed to the U.S. Presidential elections.
As of now, Bitcoin is trading at $82,500, reflecting a decline of 2.22% in the last 24 hours. The overall cryptocurrency market is also down, with a 2.38% decrease on the day.
Typically, Bitcoin’s bullish cycles are punctuated by multiple corrections, with analysts asserting that a pullback of 35-45% can be a healthy sign, sustaining the overarching upward trend. Given current figures, if such a correction occurs, the target bottom could approximate $60,000.
In summary, Bitcoin’s recent price movements indicate challenges in breaching key resistance levels. Koroush AK warns of a potential decline to $72,000, classifying the current uptick as a temporary recovery. Despite fluctuations, analysts maintain that corrections are a normal aspect of Bitcoin’s ascendance, with significant pullbacks remaining within the realm of a healthy market.
Original Source: u.today
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