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Bitcoin (BTC) Price to $72,000: Top Trader on 'Dead Cat Bounce'

source-logo  u.today 29 March 2025 18:30, UTC
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Bitcoin ($BTC), the largest cryptocurrency, is failing to conquer $90,000 for five consecutive days. As such, its recent upsurge looks like a "dead cat bounce" before another leg down, says cryptocurrency trader and researcher Koroush AK.

"Dead cat bounce": Top trader on Bitcoin's ($BTC) ugly performance

Bitcoin ($BTC), the biggest cryptocurrency by market cap, hit its sixth "lower high" in 2025 on the one-day time frame. As such, its recent short-lived price upsurge looks like a "dead cat bounce." Such a pessimistic statement was made by Koroush AK, a seasoned cryptocurrency trader and researcher on his X on March 28, 2025.

$BTC

Price failed to reach $90K this week after trying for 5 days in a row.

A lot of salty comments that got euphoric on the LTF pump now second-guessing their opinions.

Consider this a Dead Cat Bounce until proven otherwise. https://t.co/hRNHHnpYTZ pic.twitter.com/MGHGMBjKNC

— Koroush AK (@KoroushAK) March 28, 2025

In an analysis shared with his 374,000 followers, Koroush AK also indicated that Bitcoin ($BTC) just failed its fifth consecutive attempt to stay above $90,000:

Price failed to reach $90K this week after trying for 5 days in a row. A lot of salty comments that got euphoric on the LTF pump now second-guessing their opinions

The current level might not be the final point of Bitcoin's ($BTC) dropdown. As demonstrated by Koroush AK on his chart, the Bitcoin ($BTC) price might extend its plunge to $72,000-$73,000 zones.

Should this prediction play out, Bitcoin ($BTC) would drop exactly to the levels of early November 2024. Bitcoin ($BTC) will hence erase all gains triggered by the U.S. Presidential elections' effects.

By press time, Bitcoin ($BTC) is changing hands at $82,500, being 2.22% down in the last 24 hours.

Is Bitcoin ($BTC) correction still healthy?

The cryptocurrency market benchmark is down by 2.38% today.

For every Bitcoin ($BTC) bullish cycle, coming through seven-eight painful corrections looks regular.

As U.Today previously mentioned, top analysts indicate a 35-45% pullback as healthy price performance that does not affect the domination of the bullish uptrend.

Given the current peak Bitcoin ($BTC) price of $109,000, the hypothetical bottom of such "correction" might be somewhere near $60,000.

u.today