Bitcoin’s price experienced a notable decline at the beginning of December, dropping below $85,000 and igniting concerns about a deeper correction. This drop was triggered by reduced liquidity on major exchanges, leading to a sharp 5% decline before rebounding slightly. Analysts now warn that if Bitcoin doesn’t regain significant price levels soon, a more dramatic correction might be in the cards. analysts predict that unless Bitcoin reclaims key support levels, the market could face a much steeper fall. 70% of analysts predict a downturn to $50,000 is inevitable, though some believe a retracement below $40,000 remains possible. Some experts believe this correction may be temporary while others are cautiously optimistic about Bitcoin’s long-term prospects. The decline comes amidst a broader market trend of declining prices and increased volatility. However, the sell-off is primarily attributed to liquidity issues rather than fundamental shifts in Bitcoin’s value.