Bitcoin (BTC) experienced a significant downturn after the release of Nvidia Corp.’s upbeat revenue outlook triggered a rally in tech stocks. However, this relief was short-lived as broader market concerns about an AI bubble weighed on crypto prices, driving Bitcoin to its lowest monthly point at $86,400. Analyst Cas Abbé suggests a possible consolidation phase for BTC before it potentially retests the $100,000 to $98,000 range, echoing a similar pattern seen in Q1 2025. Another analyst, BitBull, is more optimistic, highlighting Bitcoin’s oversold conditions and potential for a rally towards the $98,000 – $100,000 zone based on its history as an accumulation zone during previous corrections. In contrast, trader AlejandroBTC anticipates a bearish trend, arguing that Bitcoin has broken out of a rising wedge pattern, which could signal a decline to $30,000 levels. This technical analysis, however, does not include concrete investment advice or recommendations, and potential investors should conduct their own research before making decisions.