Bitcoin $70K Sell-off Will Recharge Bull Market
Bitcoin’s recent price weakness has raised investor concerns about a larger downturn, but several analysts suggest that a prolonged correction could be positive for long-term growth. The current drawdown is characterized by supply rotation from early holders to institutions, without the systemic risk factors seen in past bear markets. Technical indicators, including oversold RSI readings and potential three-day bullish divergences, suggest a recovery path may develop after further consolidation and volatility. Analysts argue that Bitcoin’s traditional four-year halving cycle is becoming less influential, with longer debt and liquidity cycles shaping market behavior possibly into 2026. Current and future cycles may see slower but higher returns, with corrections acting as foundations for subsequent uptrends. Projections indicate potential for significant price appreciation by 2029 if another expansion phase occurs, with zones between $65,000 and $75,000 considered strong buy opportunities.
