Bitcoin (available on Coinbase) (BTC) has faced significant challenges recently, with the Bitcoin (available on Coinbase) price struggling to maintain momentum. Despite this, leading crypto analysts such as BitQuant and Kevin Capital believe the market has not yet reached its peak. These analysts argue that Bitcoin (available on Coinbase)’s price structure indicates further upside potential, even as fears of corrections linger.

In the past three months, Bitcoin (available on Coinbase) has oscillated between $81,000 and $85,000, triggering concerns that the top may already be in. However, crypto analyst BitQuant has pushed back against this bearish sentiment, asserting that the top is not yet in and that a bullish reversal may be imminent.

Analysts Predict Bitcoin (available on Coinbase) Has Not Peaked Yet

BitQuant, a prominent crypto analyst, recently took to X (formerly Twitter) to assure market participants that Bitcoin (available on Coinbase)’s price struggles do not signal a market top. He pointed out that during the previous bull cycle, many believed that $60,000 was the top, even though the price eventually surged higher.

BitQuant stressed that the current market lacks the classic “top” structure seen in previous cycles. According to him, when the real top is reached, a significant 25% pullback will follow. Until then, BitQuant remains bullish, emphasizing that Bitcoin (available on Coinbase)’s current correction phase is part of a healthy market cycle.

Similarly, Kevin Capital echoed BitQuant’s sentiment, acknowledging that Bitcoin (available on Coinbase) is undergoing a major correction but maintaining that the top has not been reached. He advised investors to monitor macroeconomic data and monetary policy updates, which could influence Bitcoin (available on Coinbase)’s price trajectory.

Bitcoin (available on Coinbase) Price Correction Could Drop to $70,000

While analysts remain optimistic about Bitcoin (available on Coinbase)’s long-term potential, they also acknowledge the possibility of further short-term corrections. Kevin Capital recently predicted that Bitcoin (available on Coinbase)’s price could drop as low as $70,000 if it loses the critical support at $81,000.

He explained that if Bitcoin (available on Coinbase) breaches the “golden pocket” level and continues downward, the next measured move target falls within the $70,000 to $73,000 range. However, Kevin Capital remains confident that this correction would be temporary, paving the way for a significant price rebound.

Key Macro Factors Impacting Bitcoin (available on Coinbase) Price

Several macroeconomic events could impact Bitcoin (available on Coinbase)’s price movements in the coming weeks. One major factor is former President Donald Trump’s tariff implementation set for April 2nd. Analysts believe this event could trigger a “buy-the-news” reaction, potentially boosting Bitcoin (available on Coinbase)’s price.

Additionally, labor market data expected later this week and a significant reduction in the U.S. Treasury run-off—dropping from $25 billion to $5 billion—could influence market sentiment. However, Kevin Capital cautioned that it remains uncertain whETHer these macro factors will have an immediate impact on Bitcoin (available on Coinbase)’s price.

Bitcoin (available on Coinbase)’s Long-Term Outlook Remains STron (available on Binance)g

Despite the ongoing Bitcoin (available on Coinbase) price struggles, many analysts maintain a bullish outlook for the cryptocurrency’s long-term trajectory. BitQuant and Kevin Capital both highlighted that Bitcoin (available on Coinbase)’s price gains often occur in short bursts, with significant surges typically concentrated within a two-week period each year.

This pattern suggests that, despite temporary corrections, Bitcoin (available on Coinbase) may be poised for another upward leg. Some analysts have even predicted that Bitcoin (available on Coinbase) could reach as high as $130,000 by the end of this bull cycle, citing increased institutional adoption and growing demand for digital assets.

Conclusion: Bitcoin (available on Coinbase) Price Struggles Could Lead to a Bullish Reversal

As Bitcoin (available on Coinbase) price struggles persist, analysts like BitQuant and Kevin Capital remain optimistic that the top is not yet in. While short-term corrections may push Bitcoin (available on Coinbase) down to $70,000, the broader market structure suggests a potential bullish reversal.

Investors should remain vigilant, closely monitoring macroeconomic factors and market developments as Bitcoin (available on Coinbase) naviGates its current correction phase. With projections of Bitcoin (available on Coinbase) reaching $130,000 still on the table, this could be a strategic opportunity for long-term investors to accumulate more BTC.

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