Analysts Say Bitcoin’s 5-Month Correction May Not Be Over

[mendez]

Even with Bitcoin trading above $70,000, some analysts believe the market correction that started after the $126,000 peak in October 2025 may still be ongoing.

One reason is Bitcoin’s strong correlation with the Nasdaq-100, currently sitting around 84%. If tech stocks decline due to inflation or economic slowdown, BTC could face similar pressure.

Rising oil prices linked to the conflict in Iran are also creating inflation concerns that may reduce retail investment in crypto.

For now, Bitcoin remains in a consolidation phase, with traders watching key support levels around $70,000 and $64,000 for signals of the next major move.

[cryptoenthusiast]

bruh 84% correlation with Nasdaq?? might as well rename it NasdaqCoin