Following a significant climb, Bitcoin is experiencing a downturn in its price. Concerns are mounting among analysts, with many questioning the speed of a potential rebound. Recent data reveals a substantial drop from Bitcoin’s all-time high, raising questions about whether this correction will deepen and impact its recovery prospects. This article delves into the factors fueling these concerns, exploring market expert opinions and historical trends to offer insight into Bitcoin’s near-future performance. [Continue reading to discover what experts are saying and how market cycles may impact Bitcoin.] The analysis highlights a potential link between Bitcoin’s recovery and broader financial markets, specifically the NASDAQ 100. This correlation suggests that if the technology-heavy index continues its downward trend, it could hinder Bitcoin’s ability to swiftly recover.